Bitcoin
XBTUSD.P
is in a symmetrical triangle, trying to decide if it should break ATH or it should go down to fill in the BTC Futures gap. Either way I am waiting for a trendline break and close for a confirmation for a trade.
XBTUSD.P
is in a symmetrical triangle, trying to decide if it should break ATH or it should go down to fill in the BTC Futures gap. Either way I am waiting for a trendline break and close for a confirmation for a trade.
Comment:
I am sure there are many disappointed traders out there... BTC broke its triangle upwards but the volume was very low. My upper yellow horizontal line was the level which I expected would cause a retest of the pattern, however not only it didn't reach it but failed the retest and broke downwards, we might see a retest again at 18,800$ levels since the CME Futures hit strong support at the Gap. My bias is bearish if BTC does not return into the 19,000$ levels.
Trade closed: target reached: