As we can clearly see, BITCOINUSDT have formed a symmetrical triangle on the Daily and 4H time frames, and in my opinion, we will break it from below and make a little pullback to the 44k levels to form a higher low on the bigger general uptrend!
If this will happen, then expect a deep correction for altcoins as well !
After visiting the 44k areas, we will see higher highs and a new ATH soon, and our first station to visit will be 58k levels! Do your own analysis, this is not a financial advice!
If this will happen, then expect a deep correction for altcoins as well !
After visiting the 44k areas, we will see higher highs and a new ATH soon, and our first station to visit will be 58k levels! Do your own analysis, this is not a financial advice!
Trade active
4H and Daily candles closed below the triangle as I expected ! Let's look for the next movement !
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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.