BitcoinUpdated Bitcoin narrowing range
Caught between 2 long-term median pitchfork lines producing a triangle pattern.
Break to the upside targets previous high.
Break to downside targets the 50% slope in pitchfork and previous low made on 6th feb
Break to the upside targets previous high.
Break to downside targets the 50% slope in pitchfork and previous low made on 6th feb
Note
Broken through the topside median pitchfork line. Now coming to the previous high. Is the 61.8% retrace off entire btc range & the 38.2% retrace of 21st march - 1st aprilNote
Well this has been a massive short squeeze. New area is marked as next potential resistanceNote
Providing resistance so far. Other resistance level now becomes support.
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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.