BTCUSD is exactly Moving According our Analysis in this smaller time frame. Now we will wait for next candle. Maximum Chances it will go Down to the Price level 17k.
A lot of amateur traders can't seem to tell what direction a triangle will break. There are rules and checks you can perform like comparing price variations with MACD - to confirm it's a triangle ( just one example) In your diagram if it's a proper triangle it WILL break upwards.
@VASHKA "if your diagram is a proper triangle..." is what I wrote. The only triangle that exists starts 19621, connecting to 19431 and 19300. The lower boundary is 18500 and 18905. After hitting 5 points, then it breaks in the opposite direction. Do your research and learn. I am not here to do your work for you!
Williamforex
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@innocentAccoun35113, normally that type of wedge break to uper side. but here in weeky chart pressure was in downside
VASHKA
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@innocentAccoun35113, His view was short, therefore his triangle WAS proper as the price broke out..... downwards.
There are rules and checks you can perform like comparing price variations with MACD - to confirm it's a triangle ( just one example)
In your diagram if it's a proper triangle it WILL break upwards.