Bitcoin tends to follow triangles accurately, especially an Ascending triangle.
Keep in mind that it is on the intraday chart which doesn't hold as much strength as the longer time frames.
Bull
- Breakout on volume
- Head up to $8.5k / $9k resistance zones
Bear
- Breakdown
- Head to $7.5k support
*Could be a healthy throwback, good entry area, or snap resistance
Keep in mind that it is on the intraday chart which doesn't hold as much strength as the longer time frames.
Bull
- Breakout on volume
- Head up to $8.5k / $9k resistance zones
Bear
- Breakdown
- Head to $7.5k support
*Could be a healthy throwback, good entry area, or snap resistance