we have a huge opportunity here as you can see the descending triangle is almost complete and a drop should be imminent
we are resisting at the 9500 channel that is gonna break down
if everything go as it usually goes with the descending triangle we should see BTC at 7338 (our next powerful support).
#BTCUSD Trading between symmetric Tringle.
I can expect its can breakout Upward side and Target would be $15800.
If breakdown then Target Would be $7000-$8000.
Be prepare both scenario.
This is fully manipulated so guys be Prepare for both scenario .
downside Target is given in Chart.
If we can break upward side then we also can see new all time High within 2-3...
let me know your thoughts. its going to be a big move either way. if interest rates are lowered tomorrow i believe we rally upward.. otherwise i think we will see some sort of downward action. total formation is not broken until we break 9800 or 9400 area to be safe. or safu lol.. as far as the upside goes I don't believe we are in the clear until we break the...
- The red line showing the bounce off the 60 RSI range into higher bull run regions looks just like the one that happened prior to the last run when we were around $800...
- We can still drop down to mid 8K range without getting off the 60-100k by 2021 trail...
- The volume is also growing just like before, Bakkt is to bring so much more, and bitcoin is a scarce...
Here is my view on BTC there is possible AB=CD RSI 50% cross, but still we have to wait for Bitcoin to breakout of the jail, I will look for possible L & S opportunities.
Hit a like for me, If you like the idea.
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Based on the 3 day chart, it appears that the 20d MA line is trying to draw the rise. The MACD also drew inverted arches twice, and the stochastic also showed a golden cross. I still expect the BTC to fall in the long term. But if it rises from here to between $11,200 and $11,300, then the candle can go sideways in a particular price box for a while without...