Hello guys.
As you can see a symetrical triangle is formed in the BTC chart and indicates that the price is gonna break out from this consolidation. On the bullish view it would rise to 47.5K resistance level and if be able to successfully go through this level the next resistance gonna be around 50K$ to 52K$. But on the bearish view the price should plunge to 42K to 37K support level, that is a very good oportunity to get in the market in this level and buy in dip.
Thank you.
DISCLAIMER: This is not a trading advice. trade by your own risk.
As you can see a symetrical triangle is formed in the BTC chart and indicates that the price is gonna break out from this consolidation. On the bullish view it would rise to 47.5K resistance level and if be able to successfully go through this level the next resistance gonna be around 50K$ to 52K$. But on the bearish view the price should plunge to 42K to 37K support level, that is a very good oportunity to get in the market in this level and buy in dip.
Thank you.
DISCLAIMER: This is not a trading advice. trade by your own risk.