BTCUSD 4h. Symmetrical Triangle - Breakdown. Target 24K

Hi everyone,

Thank you for considering reading my idea.

This is a separate update from my previous idea. But now, we are breaking down the symmetrical triangle. The target of this pattern is at 24K.

There is a possibility that this is maybe fakeout just like what we had 2 days ago. Though, if it's not, we may need hold support at 29-31K, our last support before breaking to our target at 24K.

Like this idea and follow me for more analysis like this.

Cheers,
Juvs

Commentaire:

Zooming in the 1h chart, are we testing the lower part of the triangle - and get rejected?

Commentaire:

We're again trying to go up inside the pattern but it seems like we're getting rejected again. Are we going to break it to the upside or will we start going down now?

Commentaire:

Clear rejection