BTC Symmetrical Triangle Breakout
Updated
Looks like we are forming a bull flag after the breakout of the symmetrical triangle. This is allowing us to break the resistance of the pink trend line that has possibly been forming an inverse head & shoulders over the 4H time frame. However, I'm still not convinced with the surprisingly low volume we are getting. Keep an eye out for increased volume, then we can talk about the inverse head & shoulders.
Until then, the target is $4636.
Until then, the target is $4636.
Note
The symmetrical triangle failed due to the resistance of the pink trend line. It's possible that a left shoulder is forming.
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