cyberpunk1204

BTC horizontal triangle on 4H

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
❇ #BTC on 4h timeframe is at the support of the horizontal triangle and below EMA Ribbon. Won't be surprised if it breaks down. This will be something huge move from Bitcoin we will be seeing this week. Chances to break downside are more likely if we lose the support. Which may drag BTC below $30k or even lower $24k. However if BTC bounces and breaks the resistance channel $36.6-$37.5k
It will be a massive breakout to the upside. If we evaluate the targets on the basis of this horizontal triangle. Targets to the upside are $40k $42k $45k $48k.

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