Triangle. Target 5k
Expecting to see a huge rapid sell off right to the 5k area.
As there are many traders interested in Bitcoin + long consolidation = quick drop (big money).
Once we close under 5850 we might see a pull back to the 6k area ( a good moments to open short with a good SL).
That's my plan according to facts I see.
I don't take into the plan scenario where Bitcoin stack between 5850-6300 area because we have consolidated enough and now we must see a realization.
As there are many traders interested in Bitcoin + long consolidation = quick drop (big money).
Once we close under 5850 we might see a pull back to the 6k area ( a good moments to open short with a good SL).
That's my plan according to facts I see.
I don't take into the plan scenario where Bitcoin stack between 5850-6300 area because we have consolidated enough and now we must see a realization.
Trade closed: target reached
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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.