BTC: Same patterns repeating
Hello Traders!
Welcome back to another post with analyst Aadil1000x.
Today we can see the patterns are repeating and in both cases, the patterns are forming after the breakout of expanding triangle patterns.
The previous pattern was expanding triangle; if we look whole accumulation period, you will see it is also an expanding triangle pattern.
The market is in a correction phase and soon there will be a breakout of this correction. After the breakout, there will be some reversal pattern and it will be time to jump in for buys. This bullish run will break the resistance at 24K and after that, there will be a nice drop.
Don't forget to hit the like button and follow to stay connected.
Welcome back to another post with analyst Aadil1000x.
Today we can see the patterns are repeating and in both cases, the patterns are forming after the breakout of expanding triangle patterns.
The previous pattern was expanding triangle; if we look whole accumulation period, you will see it is also an expanding triangle pattern.
The market is in a correction phase and soon there will be a breakout of this correction. After the breakout, there will be some reversal pattern and it will be time to jump in for buys. This bullish run will break the resistance at 24K and after that, there will be a nice drop.
Don't forget to hit the like button and follow to stay connected.
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.