Bitcoin

BTC- Symmetrical Triangle on H4 - Price Still Looks Bearish - 8k

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Price is testing the bottom of a symmetrical triangle, and is getting close to breaking out. If price breaks down, we will continue to head towards the bottom of the trend-channel defined in 2017; $8000ish. If price breaks-out the other way we could get a rally to the top of the bearish channel and 13k resistance before continuing towards 8k.


A better look at the triangle on the H4, currently holding above bottom trend-line
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Here's the idea from last time, the move towards 8k is still valid.
Bitcoin Breaking Major Support - Support Becoming Resistance H4



The weekly chart looks very bearish still, you can see the ascending trend channel better on this chart.
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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.