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We all fail to see the bigger picture of where price will eventually break out to, if a breakout from the triangle occur.
Price is in a triangle, making effort to breakout but the upper trendine is serving as strong resistance which is pulling price down.
We also have a trendline serving as support which price is currently approaching. If price reverse at the lower (support) trendline, Bitcoin price will to $40,000 but a downward breakout takes us to $29,000 before heading to $50,000.
What do you think?
Share your opinion in the comment sectionโ๏ธ
Happy Trading๐ฐ๐ฅณ๐ค
We all fail to see the bigger picture of where price will eventually break out to, if a breakout from the triangle occur.
Price is in a triangle, making effort to breakout but the upper trendine is serving as strong resistance which is pulling price down.
We also have a trendline serving as support which price is currently approaching. If price reverse at the lower (support) trendline, Bitcoin price will to $40,000 but a downward breakout takes us to $29,000 before heading to $50,000.
What do you think?
Share your opinion in the comment sectionโ๏ธ
Happy Trading๐ฐ๐ฅณ๐ค
ืขืกืงื ืคืขืืื:
Price has gone back into the triangle and it's making effort to breakout and pump.
Tap the play button on the chart to see Bitcoin cunning move to $50,000๐
Tap the play button on the chart to see Bitcoin cunning move to $50,000๐
