Hello All,
Just quick update, I saw this expanding formation on BTC chart which I wanted to share with you guys. This also can be considered as a Expanding Top which is a bullish pattern buy for now I am considering this as a neutral formation.
If BTC holds above 9145 then I will be targeting the high of 9623 and if BTC manages to break above that then the final target of this pattern at 10200 should be in play.
On the other hand if BTC gets rejected from 9623 and breaks below 9145 then move towards 8500 will be in play.
I have my eyes on this one and I will keep updating this post as well as in my discord (link below).
Happy and safe trading...
Chao...
Just quick update, I saw this expanding formation on BTC chart which I wanted to share with you guys. This also can be considered as a Expanding Top which is a bullish pattern buy for now I am considering this as a neutral formation.
If BTC holds above 9145 then I will be targeting the high of 9623 and if BTC manages to break above that then the final target of this pattern at 10200 should be in play.
On the other hand if BTC gets rejected from 9623 and breaks below 9145 then move towards 8500 will be in play.
I have my eyes on this one and I will keep updating this post as well as in my discord (link below).
Happy and safe trading...
Chao...
Comment:
As expected, Yesterday BTC got rejected from the top trend line and fell back to 9623 which successfully held the price. Today bulls managed pick up the price again lets see if BTC breaks above this top trend line. Target for this pattern is 10200.
