It is possible that a local reversal pattern "Rhombus" or "Diamond" is forming on the BTCUSDT chart.
Confirmation of this pattern is the breakout and consolidation of the BTC price above $29600
The target for working out of this pattern is $30800-31000
Failure of this pattern - the BTCUSD price falls below $28700
It is likely that the Bitcoin price will consolidate in a narrow range for two more days, and on August 10, when the "fresh" US CPI is announced, a sharp impulse movement will occur.
Also, this scenario fits quite well into the scenario of a potential medium-term trade for BTCUSDT, which we published earlier.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Confirmation of this pattern is the breakout and consolidation of the BTC price above $29600
The target for working out of this pattern is $30800-31000
Failure of this pattern - the BTCUSD price falls below $28700
It is likely that the Bitcoin price will consolidate in a narrow range for two more days, and on August 10, when the "fresh" US CPI is announced, a sharp impulse movement will occur.
Also, this scenario fits quite well into the scenario of a potential medium-term trade for BTCUSDT, which we published earlier.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
İşlem aktif:
Reached the upper limit of the diamond, how far down now? Write your options in the comments
İşlem aktif:
The BTCUSDT price is near the trend line, which has been stretching since the beginning of the year.
Soon it will become clear: "it will rain or shine"
Soon it will become clear: "it will rain or shine"
🎁 -10% on ALL trading fees OKX
www.okx.com/join/10pstrade
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
www.okx.com/join/10pstrade
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
A little more consolidation and good growth will begin, of course, if the fractal works)