BTCUSD seems to be forming a descending triangle pattern. 54% Bearish/46% Bullish (Type of Pattern). As you can see from the price data, BTCUSD is in a rising channel. That being said, I see BTCUSD continuing its upward momentum and breaking out to the upside from this "Potential" descending triangle.
Targets
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Upside Target: $43k
Downside Target: $32k
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Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Targets
---------------------------
Upside Target: $43k
Downside Target: $32k
---------------------------
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Note
BTCUSD has broken out of the descending triangle to the upside. $43k is the current target.Trade closed: target reached
Target has been reached. 10% Profit
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.
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.