BTC: Price action is getting tight!

By MBM_Crypto
Updated
The price has undergone multiple retests of the lower boundary of the triangle formation, indicating a weakening trend! Considering the upward momentum observed in the DXY, a break below the triangle formation is expected. In such an event, it is anticipated that the price will reach a minimum of 24.8k. However, if the DXY continues its upward momentum and the stock markets experience further declines, it is conceivable that additional downward movement beyond that level may ensue!
Comment
Keep an eye on DXY!
Comment
Yep - It broke down as expected!
snapshot
Bearish PatternsbearmarketblackswanBTCBTCBUSDBTCUSDBTCUSDTChart PatternsHarmonic PatternsTrend Analysis
MBM_Crypto
Experience our top-tier setups with our Premium Group for only 129$ Lifetime membership!

🎖Telegram: t.me/MBM_786kr🎖

Related publications

Disclaimer