BTC is moving into Bullish triangle. There are many pressure zones, Which BTC is respecting to them ! BTC had a pullback from Triangle's lower and now it's targeting 57K again..
We have 3 scenarios for BTC here : 1️⃣ Bouncing above resistance zone and 58.4K line and retest ATH... 2️⃣ Being rejected from resistance zone at 57K and targeting lower supports around 48K... 3️⃣ Being rejected from Triangle at current level and targeting lower supports around 43K...
📌 Have to mention that recent inflows on exchanges caused more short position ! Beware of FUD... You don't know the reason of inflows or outflows.
🔴 We are in Bullish market, Don't take position with low Risk/Reward ration !!!
Attention: this isn't financial advice we are just trying to help people on their own vision.
have only 1 major touch then a break on the upper line of triangle, not sure how significant this is. be more into other patterns.
Helical_Trades
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@tommytoan11 I just saying it's March.. There might be some traps for low volume traders ! But yeah I will use another patterns next time for sure.. Thanks for suggestion 🙋🏻♂️