On a non-log scale BTC already breached the resistance zone. However on the log scale we've just hit the wall.
Forming a asymmetrical triangle this could go either way. The traingle should be a continuation of the trend, but there's ambigouity in reading the chart. One could argue we should continue the downtrend prior to the traingle. However, I believe the triangle formed after the reversal. Meaning it will continue on the upside.
Either way you could approach the trade as buying the confirmation above 12k, or when you are already in the market sell below 10.7k .
Forming a asymmetrical triangle this could go either way. The traingle should be a continuation of the trend, but there's ambigouity in reading the chart. One could argue we should continue the downtrend prior to the traingle. However, I believe the triangle formed after the reversal. Meaning it will continue on the upside.
Either way you could approach the trade as buying the confirmation above 12k, or when you are already in the market sell below 10.7k .