Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. Currently, it is trading around the
27K
level.
BTC is forming a symmetrical triangle-like pattern in ltf. It is still moving inside the triangle and holding the lower trendline of the triangle very well so far.
All we need is a clear breakout of this triangle ($27.3k) for a good bullish movement up to the $28k-
29K
level.
As long as it is consolidating inside the triangle, we can expect a break out soon.
Invalidation:- Breaks below the triangle ($26.4k) and close below it.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update. Currently, it is trading around the
27K
level. BTC is forming a symmetrical triangle-like pattern in ltf. It is still moving inside the triangle and holding the lower trendline of the triangle very well so far.
All we need is a clear breakout of this triangle ($27.3k) for a good bullish movement up to the $28k-
29K
level. As long as it is consolidating inside the triangle, we can expect a break out soon.
Invalidation:- Breaks below the triangle ($26.4k) and close below it.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!