Hi everyone,
Thank you for considering reading my idea.
This is a continuation of my previous idea (See Related Ideas below).
Here, we just broke to the upside of this symmetrical triangle. Symmetrical Triangles are known for continuation pattern. Since we came from a downtrend, it's likely the we will continue going down. But apparently, this may not be the case for Bitcoin. A target to the upside is at 46K but we may have difficulty to break the 40-42K resistance. Will we break the resistance and turn it as support or go down to our triangle?
Like this idea and follow me for more analysis like this.
Cheers,
Juvs
Thank you for considering reading my idea.
This is a continuation of my previous idea (See Related Ideas below).
Here, we just broke to the upside of this symmetrical triangle. Symmetrical Triangles are known for continuation pattern. Since we came from a downtrend, it's likely the we will continue going down. But apparently, this may not be the case for Bitcoin. A target to the upside is at 46K but we may have difficulty to break the 40-42K resistance. Will we break the resistance and turn it as support or go down to our triangle?
Like this idea and follow me for more analysis like this.
Cheers,
Juvs
