Bitcoin problably will take a small step to the downside. I think that a small correction will take place before we go upwards again. The red zone indicated on the chart is probably the way the price will go to after the triangle will get in the squeeze-zone. We can see a symmetric triangle is forming on the 2h. And based on historical observations the chance that the triangle will go down is higher because the symmetric triangle was formed on a downtrend.
However i'm still bullish on bitcoin i still forsee a small downtrend coming to the 46000/47000 zone. Let the pattern form and waiting for volume to confirm is key here...
However i'm still bullish on bitcoin i still forsee a small downtrend coming to the 46000/47000 zone. Let the pattern form and waiting for volume to confirm is key here...
Comment:
supportline breached. Volume is a bit weak though.
Comment:
Hmm idea did not hold. Seems as a reliable breakout. Were going upwards.