BTC has formed a valid symmetrical triangle. These are normally more bullish patterns than bearish patterns, but we cannot negate the fact that the monthly is bearish.
If we do get a breakout, then our measured move would lead us somewhere around $44.8k - $45.2k. This is also in perfect confluence with our 0.618 of the micro move.
If we breakdown then our main targets would be $40.4k, followed by $38.5k, then mainly looking for $35.5k.
If we do get a breakout, then our measured move would lead us somewhere around $44.8k - $45.2k. This is also in perfect confluence with our 0.618 of the micro move.
If we breakdown then our main targets would be $40.4k, followed by $38.5k, then mainly looking for $35.5k.