BTC-USD 1H Retest of the 30K zone
Looking at the chart i think the descending triangle on the 4H and the 1H is the most important thing to keep on eye on.
The rising wedge broke out to the downside, and the actual symmetrial triangle which if forming will also (73% change) break out to the downside because this is the trend at the moment.
BTC haven't broken the trendline wihtin the bigger descending triangle so far, so i expect that we will see the actual 30K retest on monday.
Looking at the descending triangle we can see a target of 30K if the support holds, but i expect we will se 24-26K area, and in worse case scenario 19K mark because this is the range from the descending triangle.
Let me know what you think.
The rising wedge broke out to the downside, and the actual symmetrial triangle which if forming will also (73% change) break out to the downside because this is the trend at the moment.
BTC haven't broken the trendline wihtin the bigger descending triangle so far, so i expect that we will see the actual 30K retest on monday.
Looking at the descending triangle we can see a target of 30K if the support holds, but i expect we will se 24-26K area, and in worse case scenario 19K mark because this is the range from the descending triangle.
Let me know what you think.
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