BTC descending triangle
Aggiornato
Hello everyone, this is my first time posting an idea.
I'm in no ways an expert, just a day trader looking to learn.
With that out of the way, I notice BTC has made several failed attempts to breach the 48k resistance and trade volumes are decreasing. There is strong support at 46k so I can see some ranging between these two for the next couple of days. I expect retail buyers to get tired and the pair to drop to at least 42k, where there is strong support and volumes can start picking up again.
Again, this is my first idea and Im just throwing it out there to see what people think, in order to improve my skills.
Please do not take this as advice.
I'm in no ways an expert, just a day trader looking to learn.
With that out of the way, I notice BTC has made several failed attempts to breach the 48k resistance and trade volumes are decreasing. There is strong support at 46k so I can see some ranging between these two for the next couple of days. I expect retail buyers to get tired and the pair to drop to at least 42k, where there is strong support and volumes can start picking up again.
Again, this is my first idea and Im just throwing it out there to see what people think, in order to improve my skills.
Please do not take this as advice.
Ordine annullato
Im still bearish but the pattern did not play out.
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.