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Bitcoin Analyze (Symmetrical Triangle)โ—๏ธโ“๐Ÿง

ืฉื•ืจื˜
BINANCE:BTCUSDT   Bitcoin / TetherUS
It seems Bitcoin wants to make a Symmetrical Triangle. Also, it was able to find the points A-B-C of the triangle.

Bitcoin Analyze ( BTCUSDT ) Timeframe Dailyโฐ (Log Scale)

Point D of the Triangle can be around 35000$, and if Bitcoin breaks the Important Support Line, my scenario will be changing. Still, I expect that Bitcoin will go up again from 35000$, and then the Point E of Triangle will be a critical point for us.

๐Ÿ”ดResistance Zones๐Ÿ”ด & ๐ŸŸขSupport Zones๐ŸŸข that we have in front of Bitcoin.

๐Ÿ”ดResistance zone on Bitcoin's way:

๐Ÿ”ดResistance zone: 50830$ until 49400$ (Resistance + Cluster of Fibs+ SMA200 (TF Daily))

๐Ÿ”ดHeavy Resistance zone: 46020$ until 43100$ (Resistance + Cluster of Fibs + SMA100 (TF Daily))

๐Ÿ”ดResistance zone: 40220$ until 39400$ (Resistance + Cluster of Fibs+ SMA50 (TF Daily))

๐ŸŸขSupport zone on Bitcoin's way:

๐ŸŸขSupport zone: Around 35000$ (Support+ Important Support Line,)

๐ŸŸขHeavy Support zone: 30650$ until 29200$ (Support + Cluster of Fibs)

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.

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