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If you look closely, you would notice 3 triangles and a downward channel.
Each one of them has a role to play in Bitcoin price movement.
A breakout from the 2nd triangle determines the next move.
If it breaks downward, price falls to the lower trendine of the channel and, it falls more into the first triangle toward $27,700.
But if it breaks upward from the 2nd triangle, it would rise to $33,000 and continue in that direction. And then it may finally break the 3rd triangle or fall back to the lower trendine.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
If you look closely, you would notice 3 triangles and a downward channel.
Each one of them has a role to play in Bitcoin price movement.
A breakout from the 2nd triangle determines the next move.
If it breaks downward, price falls to the lower trendine of the channel and, it falls more into the first triangle toward $27,700.
But if it breaks upward from the 2nd triangle, it would rise to $33,000 and continue in that direction. And then it may finally break the 3rd triangle or fall back to the lower trendine.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
Comment:
Price is still consolidation with respect to the chart. Tap the play button to take a look at it.
