BTC trapped in a triangle
Updated
Both red lines on the chart represent strong resistances forcing BTC to form a triangle.
Considering that the end of the triangle is approaching, depending on how it breaks, it will be one of the more important indicators of the trend for the next period of several months.
My personal opinion is that it will go down.
Disclaimer: This is not financial, investment, trade or other advice. This is my personal opinion which can very easily be wrong.
You trade at your own risk.
Considering that the end of the triangle is approaching, depending on how it breaks, it will be one of the more important indicators of the trend for the next period of several months.
My personal opinion is that it will go down.
Disclaimer: This is not financial, investment, trade or other advice. This is my personal opinion which can very easily be wrong.
You trade at your own risk.
Note
the shape of the candles for the last two days as well as the fact that 27.4k is also a strong resistance line for now indicates that it is more likely to fallNote
I think it is still uncertain and that this price jump is a short-term excursion, we will know in a couple of days. I still think there will be a significant drop to 22k in the next two weeks.
Note
it started slowly going down, I think it will drop to 22k in 7-10 days
Disclaimer
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