BTCUSD Good margin trading opportunity

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BTC is moving inside a symmetrical triangle which is also part of a big bearish pennant. Personally I think it is more likely that it will break down and drop further to around 5k8. However, it is also possible that it will breakout and create a double bottom together with the 6k4 low. If so, the first resistance it needs to break is 7k5.

Anyway, once the breakout/down is confirmed with huge volume, you can safely chase the pump/dump. Good opportunity to make money. Good luck!

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This price level has attracted lots of big buyers. Now it's forming another symmetrical triangle under the big one. Watch for another breakout/down.

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By the way I have closed my short position with good profit. I have bought most spot coins that I planed to buy. I am confident I can make profits from buying now even if it dips further to 5k8. I think the bulls are almost as strong as bears right now. I would just stay out and watch the fight.

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Could go either direction. The chance that it drops again is higher. But I wouldn't long/short it until see the breakout/down.

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Now it is moving on the edge of the giant falling wedge. A breakout could send it to as high as 8700.

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I would not trade until the breakout is confirmed.

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I think the breakout is valid. The final target is around 8800. However, we have lots of resistance between now and the target. The nearest ones are 7250, 7500, and 7700.