sunnystar665

important bitcoin update

BINANCE:BTCUSDT   Bitcoin / TetherUS
bitcoin chart is forming bilateral symmetrical triangle

Symmetrical triangle can either be bullish or bearish , Symmetrical triangles form when the price converges with a series of lower peaks and higher troughs

but if we look BTC daily and 4hr chart, then overall trend is bearish

So there is more probability that bilateral symmetrical triangle can break down. And once it breaks down, then bears become more aggressive

and price can drop quickly and resume downtrend.

short seller can open short positions if the price breaks down the triangle and wait to retesting trend line

This is my personal view about bitcoin price . Take it as educational purpose.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter