Hi guys!
As we see on this chart a nice symmetrical triangle has formed now. I think the trend is to the upside at the moment. We will be met with resistance at 3,8 K - 3,9 K areas.
If we break it to the upside, then I see BTC testing 4,2 K again.
If BTC manages to break it, then I see 4,5 K - 5 K areas in February. Sooner or later this bear market will end. In my opinion, we are in the accumulation phase now and the bottom was in!
Let us see what the weekend brings, expect manipulation on thin volume!
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
As we see on this chart a nice symmetrical triangle has formed now. I think the trend is to the upside at the moment. We will be met with resistance at 3,8 K - 3,9 K areas.
If we break it to the upside, then I see BTC testing 4,2 K again.
If BTC manages to break it, then I see 4,5 K - 5 K areas in February. Sooner or later this bear market will end. In my opinion, we are in the accumulation phase now and the bottom was in!
Let us see what the weekend brings, expect manipulation on thin volume!
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.