Bitcoin’s Symmetrical Triangle Breakdown – How Low Can It Go?

7 days ago

Bitcoin(BTCUSD) started to fall, as I expected in the previous post; the question here is whether the fall continues or not.

Today, I want to analyze Bitcoin for you in the 15-minute time frame.

Bitcoin was able to break the Support zone($93,300-$90,500) and important Support line.

Bitcoin also seems to have formed a Symmetrical Triangle Pattern and was able to break the lower line of the triangle.

Educational Tip: The Symmetrical Triangle is a continuation pattern where the price consolidates into a narrowing range with lower highs and higher lows. It indicates indecision, with a breakout in either direction confirming the next trend.

I expect Bitcoin to drop to the targets that I specified in my chart.

Note: If Bitcoin goes above $95,850, we can expect more pumps.

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analyze (BTCUSDT), 15-minute time frame.

Be sure to follow the updated ideas.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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6 days ago

Trade active

Trade was activated after a pullback to a symmetrical triangle, and the first target was done.

5 days ago

Trade closed: target reached

Full Target Done