The triangular pattern
Bitcoin has been very volatile in the past 24 hours.
The buying pressure initially caused the price to re-enter the $25,000 channel. But because the price is in the trading range, the breakout was a fake, and we saw a quick pullback to one of the key near-term supports.
This support, considered in the range of $23,600-$23,900, not only prevented the price from falling further but also reacted strongly, bringing the price of Bitcoin back to the $24,000 channel.
Bitcoin's movement is completely within the 1-hour time frame and is also being ranged in the four-hour time frame.
In general, by breaking the top or bottom of the triangular pattern, We can predict the following movements.
The buying pressure initially caused the price to re-enter the $25,000 channel. But because the price is in the trading range, the breakout was a fake, and we saw a quick pullback to one of the key near-term supports.
This support, considered in the range of $23,600-$23,900, not only prevented the price from falling further but also reacted strongly, bringing the price of Bitcoin back to the $24,000 channel.
Bitcoin's movement is completely within the 1-hour time frame and is also being ranged in the four-hour time frame.
In general, by breaking the top or bottom of the triangular pattern, We can predict the following movements.
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
İlgili yayınlar
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.