NajjarTrading

BTC SYMMETRICAL TRIANGLE UPDATE

POLONIEX:BTCUSDT   Bitcoin / Tether USD
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Bitcoin is still in the symmetrical triangle, as predicted we will stay between those two trend line until we break either to the upside or the downside with confirmation:
1- We break above; we go to 40k, 42k then 44k-45k. Possible reversal at those levels. If we break above 45k we go to 49k-50k
2- We break from below, our targets are 33k, 30k then 28k. We could go lower even to 25k based on price action.

Support: 35k
Resistance: 37.3k

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What do you think?

Good luck traders,

Not financial advice
Manage risk and leverage
DYOR


NajjarTrading
Trade closed: target reached:
Broke down, 33k hit, and we broke below it, we should go to 31k-30k
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