As you can see, price is in the Ascending Triangle and completed the 5th elliot wave.
I am waiting for the breakout outside the triangle but there is also a trendline (Weekly) coming down from 19K price level.
-> If there's a breakout of a Weekly trendline. The Bullish BTC/USD rally will start.
-> If It can't break the trendline, BTC will pull back to 5K levels.
Waiting for your comments and responds about the idea.
I am waiting for the breakout outside the triangle but there is also a trendline (Weekly) coming down from 19K price level.
-> If there's a breakout of a Weekly trendline. The Bullish BTC/USD rally will start.
-> If It can't break the trendline, BTC will pull back to 5K levels.
Waiting for your comments and responds about the idea.
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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.