According to the rules of TA, a symmetrical triangle fulfills its widest part (base), we have 60%. If we assume that the movement will work with time, then this is the area of $ 3800-3900. But the TA rules were invented so that the crowd believed in them, and the big players violated them when they needed to, against the faith of the majority.
The strongest faith is faith in the power of your wallet.
The faith of the majority imposed by the minority destroys the mountains and minor minority deposits.
When a minority needs it, the rules of stop working, you probably noticed this ...
On the chart, I indicated the important areas on which the further price movement will depend. The zone of $ 7,000 thousand is very important. From it, a return to the breakthrough zone may begin. And there already according to the situation. Nobody knows the future, even the one who creates it.
Published this idea 3 months ago This is a global situation from the very start of BTC trading. Also an old trading idea.
A very important downtrend (purple color). A lot depends on her. Also, it is a trend 3 phase of "bear measured move". 3 weeks ago published these 2 trading ideas
Always trade in the trend and work on the situation. Need to adapt to the market. Be flexible in your trading, do not be greedy. Better not a big profit, but constantly than a big one - never!
Work according to the short scenario to the level of 7 thousand. Further from the reaction of the level.
It is very important where the price will be fixed after the impulse.
As we can see, the zones work out perfectly. You can see the way out of the price from the zone of $ 7000-7600 to the important area of the downtrend that I designated in advance. There is a trend puncture, no more. The only important thing is fixing the price. If there is a consolidation above the downtrend, then this will mean a change in the downtrend. And at the moment we are in a general downtrend. All options for working from different situations, I described in great detail in several trading ideas and videos.