Hello guys
As you can see, it is located in a symmetrical triangle where there is a possibility of ascending or descending as much as the base of the triangle.
If the downtrend line breaks, we should expect to climb to the targets, and if the uptrend line breaks, the same is true.
The worrying thing is that Bitcoin sentiment is falling. If Bitcoin continues to decline and takes the market out of the uptrend, it will be upsetting for everyone, and it is possible that the continuous decline of Bitcoin is due to the dominance of liquidity from Bitcoin. It has come out and is injecting into altcoins, and bitcoin buyers have dropped dramatically and turned to altcoins.
Now we have to wait for the break of the downtrend or uptrend line to decide.
As you can see, it is located in a symmetrical triangle where there is a possibility of ascending or descending as much as the base of the triangle.
If the downtrend line breaks, we should expect to climb to the targets, and if the uptrend line breaks, the same is true.
The worrying thing is that Bitcoin sentiment is falling. If Bitcoin continues to decline and takes the market out of the uptrend, it will be upsetting for everyone, and it is possible that the continuous decline of Bitcoin is due to the dominance of liquidity from Bitcoin. It has come out and is injecting into altcoins, and bitcoin buyers have dropped dramatically and turned to altcoins.
Now we have to wait for the break of the downtrend or uptrend line to decide.