๐ฅ Bitcoin Moment Of Truth: Reversal Or New Low?
My recent Bitcoin analyses have been relatively bullish. However, we're still in a macro downtrend, so being cautious for potential bearish continuation will never hurt.
In this analysis I want to take a look at a lower timeframe ascending triangle. Ascending triangles are classically bearish reversal patterns, so we should keep in mind that once the price breaks out through the support there's a decent probability that BTC will fall back to 20k or even lower.
However, since the stock markets saw a massive move yesterday we can assume that investors are happy to take on more risk. Since BTC is a risky asset we could see a bullish break out of the pattern. Expect resistance around 23k.
In this analysis I want to take a look at a lower timeframe ascending triangle. Ascending triangles are classically bearish reversal patterns, so we should keep in mind that once the price breaks out through the support there's a decent probability that BTC will fall back to 20k or even lower.
However, since the stock markets saw a massive move yesterday we can assume that investors are happy to take on more risk. Since BTC is a risky asset we could see a bullish break out of the pattern. Expect resistance around 23k.
๐ฏOfficial Channel: t.me/FieryTradingChannel
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๊ด๋ จ ๋ฐํ๋ฌผ
๋ฉด์ฑ ์ฌํญ
์ด ์ ๋ณด์ ๊ฒ์๋ฌผ์ TradingView์์ ์ ๊ณตํ๊ฑฐ๋ ๋ณด์ฆํ๋ ๊ธ์ต, ํฌ์, ๊ฑฐ๋ ๋๋ ๊ธฐํ ์ ํ์ ์กฐ์ธ์ด๋ ๊ถ๊ณ ์ฌํญ์ ์๋ฏธํ๊ฑฐ๋ ๊ตฌ์ฑํ์ง ์์ต๋๋ค. ์์ธํ ๋ด์ฉ์ ์ด์ฉ ์ฝ๊ด์ ์ฐธ๊ณ ํ์ธ์.