Updated
BTC Broken Triangle
Everything is in graph. BTC dropped from his triangle and found support on EMA50 H4 atm.
it can be a Shakout but have to be carefull.
So if we break this Trendline, i added in the chart some interesting points where we could have a bounce.
no reason to panic for now but if we breakdown 17500ish it could be an alarm to see some more lower prices.
Support 1 : EMA200 H4 : 17500ish
-----------------------------------------
Support 2 : EMA50 D1 : 16500ish
Support 3 : EMA50 D1 : 14500ish
Support 4 : EMA50 D1 : 12500ish
Happy Tr4Ding and St4y S4fe !
it can be a Shakout but have to be carefull.
So if we break this Trendline, i added in the chart some interesting points where we could have a bounce.
no reason to panic for now but if we breakdown 17500ish it could be an alarm to see some more lower prices.
Support 1 : EMA200 H4 : 17500ish
-----------------------------------------
Support 2 : EMA50 D1 : 16500ish
Support 3 : EMA50 D1 : 14500ish
Support 4 : EMA50 D1 : 12500ish
Happy Tr4Ding and St4y S4fe !
Note
Zoom in H4 for first supportNote
Zoom Out D1Note
to make it simple :Note
H4 last support Note
bounced on H4. not meaning we are not going to visit lowers. stay safe.Note
check new chart here. thanks.
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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.