Bitcoin has formed the symmetrical triangle pattern in the 4H chart.
It is a continuation pattern and If we think about the general market outlook, it will probably break to the downside.
Bullish macro scenario is still possible if we don't go below 18.9k and see a impulsive move upwards at that level.
BTCUSDT
It is a continuation pattern and If we think about the general market outlook, it will probably break to the downside.
Bullish macro scenario is still possible if we don't go below 18.9k and see a impulsive move upwards at that level.
BTCUSDTTrade active
Breaking to the downside! Wait for confirmation.Note
Break below support confirmed.Note
BTC price broke above the previous support. Pattern continues. Be patientNote
Breaking down once more!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.