sinaosivand

BTCUSD: moving in ascending or decreasing triangle?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello dear traders
We have 2 alternatives for BTC that the first alternative Is more likely than the second, So after that BTC dropped to 11200 zones as I mentioned, going to break the three MA and MA100 is very important as resistance for the next move for BTC in the triangle.
In my view, we can see two triangles for BTC in the 1H chart, and we can see BTC can break both of them finally for touching the 12K ...

in the second alternative BTC going to drop more to 10986 and 10781 for deep corrections...10k channel for BTC It can indicate a downward trend if this alternative happens, we have to wait for close weekly and even monthly ...If BTC close monthly in the 10K channel we have to Update everything for new downtrend...

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