Hey i havent posted a chart Analysis in a long time on here because i have been very busy posting my chart updates in my Telegram Group ill leave a link if you like my charts and want to join.
anyways so BTC has formed a symmetrical triangle on the 4hour Chart and we held above support this weekend which is a good bullish sign. with symmetrical triangle patterns id say 70% percent of the time we break according to the trend i got my up and also put the price target for the downside as well because we cant be fully bullish with out the bearish warning
got my price targets by taking from the top of the triangle to the lowest point of the pattern usually is around how much the price will break out and thats how i roughly ended with $50k now i did the price targets at the tip of the triangle to just give a rough draft of what we are looking at these triangles break before that point though for all my new traders so im trying to not be to bullish not to bearish in this analysis just moderate on it