Hello friends
This is my view on Bitcoin's short-term trend
In the one-hour time frame, we see the formation of a triangle. A few days after the fall, we now have two scenarios.
Scenario 1: If the triangle is broken from below, we will probably be priced at $ 8600, and it is noteworthy that the downward channel will also be broken.
Scenario 2: If the triangle is broken upwards, we will go to the top of the downward channel of $ 9550.
The important point is that if the first scenario and the failure of the triangle occur from below, we are out of the downward channel and can have a more severe decline, which could be as high as $ 8300, which is ma200 in the daily time frame.
Please trade and sell at your discretion
.. Navid ..
This is my view on Bitcoin's short-term trend
In the one-hour time frame, we see the formation of a triangle. A few days after the fall, we now have two scenarios.
Scenario 1: If the triangle is broken from below, we will probably be priced at $ 8600, and it is noteworthy that the downward channel will also be broken.
Scenario 2: If the triangle is broken upwards, we will go to the top of the downward channel of $ 9550.
The important point is that if the first scenario and the failure of the triangle occur from below, we are out of the downward channel and can have a more severe decline, which could be as high as $ 8300, which is ma200 in the daily time frame.
Please trade and sell at your discretion
.. Navid ..
