BTC: Confirmed break of a completed symmetrical triangle

BTC broke through the support of a completed symmetrical triangle, with a false break at point 8 resistance. This should start a sustained sell-off to 38k, however 41k is also at the 50% fib retracement from July 2021 low to the September 2021 high, in addition to previous support/resistance. As such, there is a possibility that we may bounce at 41k, instead of 38k.

I do not like to predict time frames, but I would expect BTC to find a low over the weekend.

Trade active:

The u-turn in BTC price action to the upside should be limited to the 50% retracement (47.9k) of the first leg down.

Trade closed: target reached:

Target amended to 45k