Will BTC Breakout or Breakdown ?

11 Haz 2021

In the previous analysis we saw BTC in a bearish pennant or a symmetric triangle formation which first broke to the downside but then an impluse brought the price back inside the triangle due to which now BTC in a daily time-frame is forming a DESCENDING TRIANGLE (Lower Highs and series of Lows) which is believed to be a bearish pattern and suggests that the downward momentum is building and a breakdown is approaching but since we know how BTC never fails to surprise the market participants we'll wait for it to see how this scenario plays out.

For Educational Purposes only (DYOR)

14 Haz 2021

İşlem aktif

Broke to the upside in the mentioned zone.

22 Haz 2021

Not

Target 1 Achieved