BTC - Current Pattern
BTC has formed a valid symmetrical triangle. These are normally more bullish patterns than bearish patterns, but we cannot negate the fact that the monthly is bearish.
If we do get a breakout, then our measured move would lead us somewhere around 44.8k - 45.2k. This is also in perfect confluence with our 0.618 of the micro move.
If we breakdown then our main targets would be 40.4k, followed by 38.5k, then mainly looking for 35.5k.
If we do get a breakout, then our measured move would lead us somewhere around 44.8k - 45.2k. This is also in perfect confluence with our 0.618 of the micro move.
If we breakdown then our main targets would be 40.4k, followed by 38.5k, then mainly looking for 35.5k.
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