Currently analyzing Bitcoin on the 15-minute chart.
I spotted a symmetrical triangle forming after a strong upward move, showing signs of market indecision.
I mapped out the weekly highs (blue line) and potential support zone (yellow line) based on the daily/weekly structure.
My anticipation:
If price breaks down from this triangle, I expect a short move toward the 92,155 support zone.
If price breaks up, the next target would be around 95,670.
I'm staying flexible and will let the breakout direction guide my next move.
Trade safe, manage risk!
#Bitcoin #BTC #CryptoTrading #ChartAnalysis #Forex #TechnicalAnalysis
I spotted a symmetrical triangle forming after a strong upward move, showing signs of market indecision.
I mapped out the weekly highs (blue line) and potential support zone (yellow line) based on the daily/weekly structure.
My anticipation:
If price breaks down from this triangle, I expect a short move toward the 92,155 support zone.
If price breaks up, the next target would be around 95,670.
I'm staying flexible and will let the breakout direction guide my next move.
Trade safe, manage risk!
#Bitcoin #BTC #CryptoTrading #ChartAnalysis #Forex #TechnicalAnalysis
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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.