Bitcoin Analyze (Symmetrical Triangle)❗️❓🧐

12 mars 2022

It seems Bitcoin wants to make a Symmetrical Triangle. Also, it was able to find the points A-B-C of the triangle.

Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰ (Log Scale)

Point D of the Triangle can be around 35000$, and if Bitcoin breaks the Important Support Line, my scenario will be changing. Still, I expect that Bitcoin will go up again from 35000$, and then the Point E of Triangle will be a critical point for us.

🔴Resistance Zones🔴 & 🟢Support Zones🟢 that we have in front of Bitcoin.

🔴Resistance zone on Bitcoin's way:

🔴Resistance zone: 50830$ until 49400$ (Resistance + Cluster of Fibs+ SMA200 (TF Daily))

🔴Heavy Resistance zone: 46020$ until 43100$ (Resistance + Cluster of Fibs + SMA100 (TF Daily))

🔴Resistance zone: 40220$ until 39400$ (Resistance + Cluster of Fibs+ SMA50 (TF Daily))

🟢Support zone on Bitcoin's way:

🟢Support zone: Around 35000$ (Support+ Important Support Line,)

🟢Heavy Support zone: 30650$ until 29200$ (Support + Cluster of Fibs)

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

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