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As we look at BTC/USDT it has been trading in a massive triangle since reaching 42k+. While in this triangle if timed correctly it's been producing 7%+ swings in either direction after testing R/S highlighted in purple. You'll see the orange trend line holding strong but once broken its a strong signal for a short term short to support. If the purple resistance line is broken decisively and turns into support we can expect another go at previous high.
This is not financial advise. Manage your risk and collect!
As we look at BTC/USDT it has been trading in a massive triangle since reaching 42k+. While in this triangle if timed correctly it's been producing 7%+ swings in either direction after testing R/S highlighted in purple. You'll see the orange trend line holding strong but once broken its a strong signal for a short term short to support. If the purple resistance line is broken decisively and turns into support we can expect another go at previous high.
This is not financial advise. Manage your risk and collect!