BTC has formed a symmetrical triangle on the 4 hour chart. If we break this and downtrend, we will test the lower trend line at $8k.
However, the lower line of the triangle seems to be holding. If this holds, we should see a bounce back to $9k.
However, the lower line of the triangle seems to be holding. If this holds, we should see a bounce back to $9k.
Trade closed: target reached:
The symmetrical triangle was broken and BTC tested the lower trend line at $8k as predicted.
MACD looking bearish. If the lower trend line is broken, then next support is at $7736. With the indication that we see, there is a high possibility that this can happen.
MACD looking bearish. If the lower trend line is broken, then next support is at $7736. With the indication that we see, there is a high possibility that this can happen.