Will BTC retest the supports BEFORE breaking out?
Updated
I just shared an idea that if BTC closes the daily candles above the ascending triangle, it might pass the resistances above, and create a new ATH! (you can see in my profile)
but if the future daily candles don't pass the resistances (that I believe it's more possible), it might need to retest the supports or even retest the bottom line of the triangle
so what to do now?
first, believe that there's always uncertainty in the market, no one can always predict where the market goes!
if you're just holding, you can buy more on supports, the pattern is still bullish don't panic if the price goes down a bit
it you're a trader, you should short it by finding weakness on resistances, and then long it on supports
there's much excitement in the market, stay away from FUD and FOMO
stay away from high leverages and long time trades
wish you the best, let me know what you think ;)
but if the future daily candles don't pass the resistances (that I believe it's more possible), it might need to retest the supports or even retest the bottom line of the triangle
so what to do now?
first, believe that there's always uncertainty in the market, no one can always predict where the market goes!
if you're just holding, you can buy more on supports, the pattern is still bullish don't panic if the price goes down a bit
it you're a trader, you should short it by finding weakness on resistances, and then long it on supports
there's much excitement in the market, stay away from FUD and FOMO
stay away from high leverages and long time trades
wish you the best, let me know what you think ;)
Comment
BTW I believe we will see a new ATH buy the end of 2021
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.