Hi, looking on the 4-hour chart we see BTC forming a symmetrical triangle and it is confirmed now.
When we break out of this triangle the next step would be ate the 5150 - 5600 USD/BTC level.
We could have a little pull back to the break-out of the triangle. Lets see how this plays out.
Have a nice start into the week everybody!
When we break out of this triangle the next step would be ate the 5150 - 5600 USD/BTC level.
We could have a little pull back to the break-out of the triangle. Lets see how this plays out.
Have a nice start into the week everybody!
Comment:
Update: Price is reaching the lower trend line of the symmetrical triangle with low momentum. We hhave to see if price continues trading in the triangle or this is the breakout.