Chibuike_Odoh

BTCUSDT - Potential sell entry πŸ”½

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT is consolidating in a symmetrical triangle pattern .
Price got rejected off the symmetrical triangle's inclined resistance and brokedown below the ascending trendline support.
Price is testing the fibonacci retracement levels and we could see a downtrend continuation to the symmetrical triangle's inclined support.
The pullback is supported by an ascending trendline.
Sell entry ⬇️ - breakdown below the ascending trendline support.
Targets 🎯 - previous swing low, symmetrical triangle's inclined support.
Setup invalidation ❌ - breakout above the descending trendline resistance.

Comments

Chibuike_Odoh importantCode12562
@importantCode12562, thanks man
Reply
Nice analysis mate
+1 Reply
Chibuike_Odoh Shegslove
@Shegslove πŸ‘
Reply
Why are weekends so bad for BTC?
+1 Reply
Chibuike_Odoh obiscosys
@obiscosys Well not really. The biggest price swings just tends to happen on weekends
Reply
Totally agree mate
+1 Reply
Chibuike_Odoh TRADESBYZION
@TRADESBYZION let's watch and seeπŸ‘
Reply
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