BTCUSDT! Ascending Triangle Forming!

Oct 20, 2019

BTCUSDT! Ascending Triangle Forming! If this pattern breaks out in the uptrend with a close above the 7973 area. This could be a positive signal on the 4 hour chart! I'm looking at another retest at the $7973 resistance area that right now. If we break that resistance, $8100 could be the next target. The biggest change I think btc will need for it's short term trend will be a close above the 7973 resistance on the 4 hour. If it fails to break the 7700 area will be the target.


Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.

Oct 20, 2019

Note

BTCUSDT! Possible breakout or failure at crucial area!

Oct 20, 2019

Note

A close below my yellow trend line at $7973 may be an end to this short term move unless the $7935 area maintain support to continue a move upward. But if the $7870 area at the bottom of my Ascending Triangle is broken then the $7700 area will be my target!

Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysisand thank you.