Symmetricle Triangle on the daily chart.
Breaking up or down?
Bullcase: what speaks for a breakout to the upside is that the shorts liquidation levels are up around $70k which most likely is a area of interest for the marketmakers wanting to make hence meat by liberating the shorts of their holdings.
Target: coincides with the range high at $70k
Bearcase: Volume is fizzeling out... Bulls running out of steam? if so it will be easier for the Bears to sell in to the possible breakout to the downside.
Target: coincides with the range low at $50k
Breaking up or down?
Bullcase: what speaks for a breakout to the upside is that the shorts liquidation levels are up around $70k which most likely is a area of interest for the marketmakers wanting to make hence meat by liberating the shorts of their holdings.
Target: coincides with the range high at $70k
Bearcase: Volume is fizzeling out... Bulls running out of steam? if so it will be easier for the Bears to sell in to the possible breakout to the downside.
Target: coincides with the range low at $50k
Nota
Bulls are making a run for it... turn up that volume and we are likely to see close to that 70k
0x404
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0x404
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.