On the thirty minute chart, Bitcoin is currently in a small descending triangle. The downside target on that is about 25,000. The problem is that once reaching that target, we're still in a larger descending triangle. The downside target on that one is more like 21-22,000 and would constitute a 25% dump. If we form a descending wedge in the process, the upside target will be small and volatility will likely take a nap in the wake of our deadcat bounce. This seems fairly plausible. We'll find out very soon how much weight to put on this.
Ordre annulé
Due to the late nature of the breakout, the target number was halved which is to be expected. We've ended up in a symmetrical triangle that will probably experience an equally weak breakout to either 28.4k or 25.3k.
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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.