BTC
Bitcoin is in the stage of formation of the Triangle pattern, which is fundamentally the stage of accumulating positions after a strong growth of this asset. We are waiting for the price movement along the lilac arrow, further breakout of the pattern (see the yellow circle). There is a good support level (in the middle of the triangle there is a horizontal turquoise zone). There are 3 growth targets - the first is $ 39,840, the second is $ 42,000, and the third is $ 48,450, for a total of nearly 30% growth expected.
Note
A bearish trap has formed on #BTC, which is a strong signal for growth. Upon the breakdown of the triangle, we expect the growth and execution of the initial pattern. Note
#BTC = 47500, 1000 USD left to the targetTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.