Hi friends! Welcome to my chart. Looking at the chart, we are at very important edge of the symmetric triangle. Bitcoin consolidated for 3 months in about 30% price range.
So how to trade?
- SHORT: If price break down the support line.
- LONG: If price break up the red bold resistance line.
What's the target?
Normally if this triangle break and bitcoin shows some volatility, we go up/down at least 30% I think.
Please press like button if you enjoyed my chart.
Thank you a lot!
So how to trade?
- SHORT: If price break down the support line.
- LONG: If price break up the red bold resistance line.
What's the target?
Normally if this triangle break and bitcoin shows some volatility, we go up/down at least 30% I think.
Please press like button if you enjoyed my chart.
Thank you a lot!
Commento:
I would like to say, this was the perfect bottom for second move up I think yet.
Commento:
Bitcoin Dominance touching support line.
Commento:
I think this break down is fake breakout. possibly fake bear trap.
Commento:
Testing small resistance line.