Why i call it a bullish triangle? First of all we have clearly a symmetric triangle inside our death channel, as you may noticed the price is above the middle line.
If you take a look at daily chart, you will find a DMI>50, which is super high at the moment, this always indicate the end of a trend. So this symmetric triangle bring much more bullish side to our chart.
But still, since it is a symmetric tiangle it is always good to prepare for both side.
Both targets are possible 2900 and 4300. I suggest people who already longed can wait and see. Normally you should set orders at >3800 and < 3500. But even we dump to 2900 level, i expect a quick V reversal happenes.
#btc
But still, since it is a symmetric tiangle it is always good to prepare for both side.
Both targets are possible 2900 and 4300. I suggest people who already longed can wait and see. Normally you should set orders at >3800 and < 3500. But even we dump to 2900 level, i expect a quick V reversal happenes.
#btc
Trade closed manually