Hi,
Be ready, the big move is coming but is it $50.000+ or $20.000?
Sometimes, to remove the market noise, you should use a line chart to get a better understanding of the strongest areas in the chart.
Today I caught a small move upwards but nothing more than that, the market just waiting which means we are really close to getting a huge move but atm I don't know yet which direction.
The Triangle chart pattern will be the indication of a big move because the price of BTC has started to move sideways to a triangle peak. Buyers and sellers are smashed together on the peak and one of them wins the battle and the big move may occur.
Confirmation of a mid-term move downwards will be after the strong 4H candle close below $34.000.
Confirmation of a move upwards to 41k will be the strong 4H candle close above the upper triangle trendline!
I will keep you posted,
Vaido
Be ready, the big move is coming but is it $50.000+ or $20.000?
Sometimes, to remove the market noise, you should use a line chart to get a better understanding of the strongest areas in the chart.
Today I caught a small move upwards but nothing more than that, the market just waiting which means we are really close to getting a huge move but atm I don't know yet which direction.
The Triangle chart pattern will be the indication of a big move because the price of BTC has started to move sideways to a triangle peak. Buyers and sellers are smashed together on the peak and one of them wins the battle and the big move may occur.
Confirmation of a mid-term move downwards will be after the strong 4H candle close below $34.000.
Confirmation of a move upwards to 41k will be the strong 4H candle close above the upper triangle trendline!
I will keep you posted,
Vaido
Comment:
Close below the trendline BUT that's not what will trigger the fall - "Confirmation of a mid-term move downwards will be after the strong 4H candle close below $34.000"
