Hello folks!
These days, market took a break from it's insane rises, forming a symmetrical triangle on h4 (this pattern shows up when markets are in indecision mode). BTC price seems to go to $18.950 (this target also stands for weekly candle close from 2017's ATH); after that, IMO price will break down, go straight to somewhere around $18.620 - most probably, it will bounce from this area in order to retest the breakout and then keep pushing below towards ~$17.500 (where is MA-200). That will be imo the turning point, from where we can go and smash $20k (in case it doesn't and breaks down MA-200, we'll see $14k - but even so, BTC is super bullish from macro view - do not forget that). Enter in trade if close below $18.900. TP: $18.600, $17.500 Invalidation is close above $19.500.
*When market is uncertain, IT IS NOT recommended to trade. Taking care of your capital is way more important than any scalps!
Stay safe!
This in not financial advice!
These days, market took a break from it's insane rises, forming a symmetrical triangle on h4 (this pattern shows up when markets are in indecision mode). BTC price seems to go to $18.950 (this target also stands for weekly candle close from 2017's ATH); after that, IMO price will break down, go straight to somewhere around $18.620 - most probably, it will bounce from this area in order to retest the breakout and then keep pushing below towards ~$17.500 (where is MA-200). That will be imo the turning point, from where we can go and smash $20k (in case it doesn't and breaks down MA-200, we'll see $14k - but even so, BTC is super bullish from macro view - do not forget that). Enter in trade if close below $18.900. TP: $18.600, $17.500 Invalidation is close above $19.500.
*When market is uncertain, IT IS NOT recommended to trade. Taking care of your capital is way more important than any scalps!
Stay safe!
This in not financial advice!