Broken the symetric triangle to the downside. Target of the break out will be the buy zone. Acting quickly is required because the price of bitcoin will make a huge bounce i think, because the bears reached their target, and bulls become fully in control on that point. The final wave including Altseason will occur after btc finds support around the 57K level.
Looking at the chart i think the descending triangle on the 4H and the 1H is the most important thing to keep on eye on. The rising wedge broke out to the downside, and the actual symmetrial triangle which if forming will also (73% change) break out to the downside because this is the trend at the moment. BTC haven't broken the trendline wihtin the bigger...
Looking at the BTC-USD 4H chart, we can see another descending triangle. The same triangle broke on the daily yesterday. On the 1H timeframe the inversed H&S had a break-out. A couple of thing can happen in the next couple of days. To continue the bullish trend we need to break 36K. If BTC rejects to break the 36K then we will probably create a new Higher Low,...
Lets wait what SNX will do at the first resistance. Uptrend confirmed.
H&S (failed) 1H BTCUSDT - Support & Resistance + Trading Channel
Trading Range of SNX based on the 4H chart, with Support Line.