BTC: SHORT TERM UPDATE! $17K OR $21K??
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Welcome to this quick BTC update. I'm keeping it very short and simple here.
BTC is trading inside a symmetrical triangle in 4hr time frame where breakout or breakdown will decide the next move. IMO this consolidation will be over in the next 2-3days.
The plan is straightforward here. If BTC breaks and closes above the triangle, we see a rally up to 21k. If BTC breaks down this triangle then we see a downside movement up to the 17k level.
My bias is on the upside. I'm expecting a rally up to the 21k-22k level in the month of October. What do you think? Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update. I'm keeping it very short and simple here.
BTC is trading inside a symmetrical triangle in 4hr time frame where breakout or breakdown will decide the next move. IMO this consolidation will be over in the next 2-3days.
The plan is straightforward here. If BTC breaks and closes above the triangle, we see a rally up to 21k. If BTC breaks down this triangle then we see a downside movement up to the 17k level.
My bias is on the upside. I'm expecting a rally up to the 21k-22k level in the month of October. What do you think? Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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