BTCUSD is facing Trendline Resistance on Daily Timeframe.
Wait for Triangle Breakout.
If Support of 17424 is Broken downside and tested as Resistance it may fall till 15000 - 13000 - 10000 levels.
If Breakout given above Resistance Trendline and trendline is retested as Support next Resistance upside are targets 25412 - 32767 - 40628.
But overall its in Distribution phase so expecting a fall after support is Broken till 15k - 13k - 10k.
This is my personal view and is only for educational purpose only. Take your financial advisor advice before investing.
Happy trading :-)
Wait for Triangle Breakout.
If Support of 17424 is Broken downside and tested as Resistance it may fall till 15000 - 13000 - 10000 levels.
If Breakout given above Resistance Trendline and trendline is retested as Support next Resistance upside are targets 25412 - 32767 - 40628.
But overall its in Distribution phase so expecting a fall after support is Broken till 15k - 13k - 10k.
This is my personal view and is only for educational purpose only. Take your financial advisor advice before investing.
Happy trading :-)