Updated

Bitcoin, ATH or 5K area ? (Symmetrical Triangle)

Indicators are showing that BTC will probably bounce from this area and keep rolling in the symmetrical triangle but that doesn't matter much because what will actually decide the trend is the breakout of the Symmetrical triangle in the chart.
Careful with False Breakouts and if you agree with my idea leave a like.

Note

d.stockcharts.com/school/data/media/chart_school/market_analysis/identifying_ellott_wave_patterns/wave19.png

To be true with such a strong support, bullish indicators and also the pattern above i strongly believe we will break up but we must always be careful and be ready for the worst scenario and that's why i showed today the two scenarios that are more likely to happen in Bitcoin if it breaks up or down.

Note

Bounced from bottom and should move to test the top of the pennant.

Note

Bitcoin finally showing bullish movements and reversing from the downtrend. 5.7K-6K holded price up in weekly chart so the downtrend to 5K is not confirmed.

Trade closed manually

Dude56

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Dude56

Dude channel:
t.me/thedude0ne
Dude chat:
t.me/dudearmy
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