BTC following all the rules laid down by a symmetrical triangle , recently touched the resistance and should fall back as illustrated in the chart .
The 3rd fan line is broken and that marks the end of the bear market , technically it is the end of this bear market . That doesn't necessarily mean that BTC will shoot up tomorrow to 11k or 15k . It has entered into a new phase (consolidation) which will prepare it for further surge !
Kindly share your suggestions and feedback in the comment section.
#PracticeCHart
PS :- Not a financial advice
The 3rd fan line is broken and that marks the end of the bear market , technically it is the end of this bear market . That doesn't necessarily mean that BTC will shoot up tomorrow to 11k or 15k . It has entered into a new phase (consolidation) which will prepare it for further surge !
Kindly share your suggestions and feedback in the comment section.
#PracticeCHart
PS :- Not a financial advice
Comment:
Guys if you aren't able to view my chart then kindly scroll up the chart by pulling the Y Axis down as it is a logarithmic chart .
