Hello Traders,
Since long time ago I drawed this symm. triangle on my chart, Now BTC broke it to the upside.
Today I want to discuss briefly, What is the possible moves for BTC
---
BTC was running into horizontal channel since 13-16 JUN 2022 that is mentioned on the chart with Green rectangles
Now BTC continued going narrower and narrower price movements to form the triangle then a break happened to the upside with quite good volume.
---
Now BTC is correcting the break and have only 2 options,
1- to bounce of the upward movement trend line (21100$)
2- bounce of the triangle trend line (20500-20600)
If this happen BTC will have the first target at 26500-26900, WHILE WE HAVE A CME GAP APPROXIMETILY AT 28500$
I am confused about it because as you see BTC got a rejection from the horizontal channel as it happened before.
---
Bearish scenario is to have a 4h close under 21500 or just get back into the triangle again.
---
Altcoins indicated a bull movement before BTC do it, as I mentioned in previous ideas on my profile.
Hope this helps !
Thumb up and follow for more
Have a nice day !!
Since long time ago I drawed this symm. triangle on my chart, Now BTC broke it to the upside.
Today I want to discuss briefly, What is the possible moves for BTC
---
BTC was running into horizontal channel since 13-16 JUN 2022 that is mentioned on the chart with Green rectangles
Now BTC continued going narrower and narrower price movements to form the triangle then a break happened to the upside with quite good volume.
---
Now BTC is correcting the break and have only 2 options,
1- to bounce of the upward movement trend line (21100$)
2- bounce of the triangle trend line (20500-20600)
If this happen BTC will have the first target at 26500-26900, WHILE WE HAVE A CME GAP APPROXIMETILY AT 28500$
I am confused about it because as you see BTC got a rejection from the horizontal channel as it happened before.
---
Bearish scenario is to have a 4h close under 21500 or just get back into the triangle again.
---
Altcoins indicated a bull movement before BTC do it, as I mentioned in previous ideas on my profile.
Hope this helps !
Thumb up and follow for more
Have a nice day !!
交易結束：目標達成
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Follow for more frequent updates about crypto on Telegram,
available in both AR and EN.Don’t hesitate to ask questions in the comments!
available in both AR and EN.Don’t hesitate to ask questions in the comments!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。