BTC in a triangle, possible retest of the 38-40K zone
Hello everyone,
BTC is currently ranging at resistance of what it looks like a symmetrical triangle (daily TF), It already attempted to breakout that triangle yesterday but it fails.
In my opinion this is a bad place to long and the probability now favor a retest of 40-38K.
The two options i see here is eitheir we brake that triangle in the coming days or we see a retest of that support zone.
As i consider myself more conservative i will personnaly wait for the retest of support & will take my chance if i see a setup forming near that zone!
BTC is currently ranging at resistance of what it looks like a symmetrical triangle (daily TF), It already attempted to breakout that triangle yesterday but it fails.
In my opinion this is a bad place to long and the probability now favor a retest of 40-38K.
The two options i see here is eitheir we brake that triangle in the coming days or we see a retest of that support zone.
As i consider myself more conservative i will personnaly wait for the retest of support & will take my chance if i see a setup forming near that zone!
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.