BTC in a triangle, possible retest of the 38-40K zone
Hello everyone,
BTC is currently ranging at resistance of what it looks like a symmetrical triangle (daily TF), It already attempted to breakout that triangle yesterday but it fails.
In my opinion this is a bad place to long and the probability now favor a retest of 40-38K.
The two options i see here is eitheir we brake that triangle in the coming days or we see a retest of that support zone.
As i consider myself more conservative i will personnaly wait for the retest of support & will take my chance if i see a setup forming near that zone!
BTC is currently ranging at resistance of what it looks like a symmetrical triangle (daily TF), It already attempted to breakout that triangle yesterday but it fails.
In my opinion this is a bad place to long and the probability now favor a retest of 40-38K.
The two options i see here is eitheir we brake that triangle in the coming days or we see a retest of that support zone.
As i consider myself more conservative i will personnaly wait for the retest of support & will take my chance if i see a setup forming near that zone!