Okay fam so here is the bigger picture for BTC on a daily chart as you can see BTC has been inside a BIG HUGE symmetrical triangle (GREEN LINES)
and as I write this post BTC is inside the apex of a smaller symmetrical triangle (LIGHT BLUE LINES) and has the THICK light blue top parallel line as RESISTANCE for the last 4 or 5 days! and that is the reason why
BTCUSD
is forming somewhat of a DOJI candle, not knowing where to go
but no worries if it decides to go down there is support on the lower light blue line around $7600-$7700 where I have some buy orders
If
BTCUSD
decides it wants to break the bottom light blue support line I really don't see BTC going under the $6800-$7000 where we have the bottom GREEN LINE acting as a strong support line and where I have more buy orders set up
so to rap it up I see BTC jumping continue inside the symmetrical triangle until arriving near the APEX of the GREEN SYMMETRICAL triangle and eventually break it possible upwards
Like if you agree or if I helped you see a bigger picture for BTC
and as I write this post BTC is inside the apex of a smaller symmetrical triangle (LIGHT BLUE LINES) and has the THICK light blue top parallel line as RESISTANCE for the last 4 or 5 days! and that is the reason why
BTCUSD
is forming somewhat of a DOJI candle, not knowing where to go but no worries if it decides to go down there is support on the lower light blue line around $7600-$7700 where I have some buy orders
If
BTCUSD
decides it wants to break the bottom light blue support line I really don't see BTC going under the $6800-$7000 where we have the bottom GREEN LINE acting as a strong support line and where I have more buy orders set up so to rap it up I see BTC jumping continue inside the symmetrical triangle until arriving near the APEX of the GREEN SYMMETRICAL triangle and eventually break it possible upwards
Like if you agree or if I helped you see a bigger picture for BTC
Trade active:
BTC is currently passed the top blue support line if it closes below that line and i mean CLOSES we can expect BTC to go to the lower blue support line around $7600-$7700
in case it decides to break the second blue line, we have strong support on the GREEN LINE around $6800-$7200 where I will definitely triple down and go all in
in case it decides to break the second blue line, we have strong support on the GREEN LINE around $6800-$7200 where I will definitely triple down and go all in
Trade active:
Okay Fam if BTC breaks this BLUE support line next stop is the GREEN SUPPORT LINE so be careful fam It might break