As previously mentioned this Triangle design, we now see that it is Broken from the Bottom and is completing the return pattern (Pull-Back) to it.
Remember That, Due to the popularity of Bitcoin, it is likely that it will encounter news or support in this price range and return again into the triangle (a false failure has occurred scenario!)
So, it is better to put your stop loss below the resistance area of $ 52,000 so that you do not lose if the failure completely forms the pattern.
In the event of a failure, it is possible to see $ 43,000 to $ 40,000.
Don't get into FOMO, let the market decides then get into position.
Remember That, Due to the popularity of Bitcoin, it is likely that it will encounter news or support in this price range and return again into the triangle (a false failure has occurred scenario!)
So, it is better to put your stop loss below the resistance area of $ 52,000 so that you do not lose if the failure completely forms the pattern.
In the event of a failure, it is possible to see $ 43,000 to $ 40,000.
Don't get into FOMO, let the market decides then get into position.
Follow Your Own Trading Plan!
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