BTC/USD - Triangles everywhere... Breakout soon. 😜
BTC has formed another triangle, lol.
Trend in this zone is rather flat, but this formation appears like a consolidation before the next breakout.
The most likely scenario would be to re-test the ATH and attempt a break, but don't exclude a break below back to the support at 58k.
Lower timeframe indicators are flat and we're bearish on daily and 2 days... however any selloff was quickly bought, hence, I don't trust bears on this one.
Earlier today it was noted that the number of BTC on all exchanges reached another low... meaning... fewer BTC for more buyers... price will only go up due to that.
In any event, wait for a break of this formation over the weekend.
Like and follow if you liked my idea!
Trend in this zone is rather flat, but this formation appears like a consolidation before the next breakout.
The most likely scenario would be to re-test the ATH and attempt a break, but don't exclude a break below back to the support at 58k.
Lower timeframe indicators are flat and we're bearish on daily and 2 days... however any selloff was quickly bought, hence, I don't trust bears on this one.
Earlier today it was noted that the number of BTC on all exchanges reached another low... meaning... fewer BTC for more buyers... price will only go up due to that.
In any event, wait for a break of this formation over the weekend.
Like and follow if you liked my idea!
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🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.