If we get a consolidation in triangle pattern like this then we get Two scenarios
A. Bullish move towards $50k
B. Bearish move towards $38k zone
Leaning towards bearish scenario with tiny invalidation of $43.6k
A. Bullish move towards $50k
B. Bearish move towards $38k zone
Leaning towards bearish scenario with tiny invalidation of $43.6k
Trade active:
Price dropped from $42.8k and moving towards previous Weekly support $40.5k
Below that we can see
39K
Stops in profit
Below that we can see
39K
Stops in profit
Trade closed: target reached:
Price tagged $40.5k, can show some bounce
Short target met, onto next trade
Short target met, onto next trade