Bitcoin / TetherUS
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Bitcoin and ๐ŸšฉSymmetrical Triangle๐Ÿšฉ

ืžืขื•ื“ื›ืŸ
Hi everyone๐Ÿ‘‹(I hope you had a great weekend).

As you know, trading volume is low on Saturdays and Sundays(generally).

After breaking the ๐ŸŸขsupport zone($29,850-$29,480)๐ŸŸข, Bitcoin has started to form a Symmetrical Triangle Pattern this weekend.

๐Ÿ“šThe Symmetrical Triangle, which can also be referred to as a coil, usually forms during a trend as a Continuation Pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended, and the symmetrical triangle takes shape.๐Ÿ“š

๐Ÿ’กIt is interesting to note that when Bitcoin hits the upper line of the symmetrical triangle pattern, the Volume of Trading is higher than when Bitcoin hits the lower line of the symmetrical triangle pattern. This happen shows us pressure of sellers is high.

๐Ÿ””I expect Bitcoin to move towards the ๐ŸŸขsupport zone($28,450-$28,080)๐ŸŸข โš ๏ธafterโš ๏ธ breaking the lower line of the symmetrical triangle.
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๐ŸŒโž•Positive Newsโž•๐ŸŒ:

Congressman Patrick McHenry: Bitcoin is a โ€œFinancial Revolution.โ€

Robert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children.

๐ŸŒโž–Negative Newsโž–๐ŸŒ:

A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame โฐ.

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

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

Please do not forget the โœ…' like'โœ… button ๐Ÿ™๐Ÿ˜Š & Share it with your friends; thanks, and Trade safe.
ืขืกืงื” ืคืขื™ืœื”
ื”ืขืจื”
It seems that Bitcoin failed to break the downtrend line.
Bitcoin (Cryptocurrency)bitcoinanalysisBTCbtcanalysisBTCBUSDBTCUSDbtcusdanalysisBTCUSDTBTCUSDTPERPFibonacciSupport and ResistanceTriangle

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