Hey tradingview community, FIRO / Bitcoin is in a bullish configuration in a symmetrical triangle with lower and lower and lower volume emitted on this compression. The RSI is in the neutral zone heading towards support for a check, so we should have to make a move with upside potential on the top (D). And a MACD returns to zero it is quite possible that the triangle will breakout from the top with optimal entry on the peak of (E) of the ELLIOTT wave.
There we will have the confirmation of a new return of smart money before going to check the resistance office to have a better entry if the market demand does not change. On the next lower leg observe the price behavior with a possible retracement on the triangle support to get back into more dynamic prices. Maximize your profits under this pressure to decrease risk and reduce exposure to short-term and long-term positions in your best interest. After that, check the future market sentiment for this third quarter by adding the return of volatility. All of this is available for free, please give me a hand if you like this job.
Please like and follow, thank you.
There we will have the confirmation of a new return of smart money before going to check the resistance office to have a better entry if the market demand does not change. On the next lower leg observe the price behavior with a possible retracement on the triangle support to get back into more dynamic prices. Maximize your profits under this pressure to decrease risk and reduce exposure to short-term and long-term positions in your best interest. After that, check the future market sentiment for this third quarter by adding the return of volatility. All of this is available for free, please give me a hand if you like this job.
Please like and follow, thank you.