As you can see BTC has followed my previous predictions fairly well. The final leg of this triangle is being completed in the shape of a channel or bear flag. Short term target 6400 then a possible bounce or consolidation around the 6000 resistance from the previous major low until we reach BTC's actual value. Since this triangle is symmetrical we have a 60% chance of breaking to the downside combine that with the fact that we broke a way bigger resistance a few weeks ago which puts more downward pressure on BTC and it's worth entering before breakout on a high price
I'd suggest a stop loss of around 7200 since according to wyckoff theory a break above that would mean a successfull breakout has happened.
I'd suggest a stop loss of around 7200 since according to wyckoff theory a break above that would mean a successfull breakout has happened.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.