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UnknownUnicorn8247135
Jan 20, 2021 9:09 AM

BTC horizontal triangle on 4H 

Bitcoin / DollarBitfinex

Description

❇ #BTC on 4h timeframe is at the support of the horizontal triangle and below EMA Ribbon. Won't be surprised if it breaks down. This will be something huge move from Bitcoin we will be seeing this week. Chances to break downside are more likely if we lose the support. Which may drag BTC below 30k or even lower 24k. However if BTC bounces and breaks the resistance channel $36.6-37.5k
It will be a massive breakout to the upside. If we evaluate the targets on the basis of this horizontal triangle. Targets to the upside are 40k 42K 45k 48k.
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