Bitcoin beautiful symmetrical triangle for the ATH try...!!!
Bitcoin $BTC is currently making a good shape symmetrical triangle. Right now it is very top and it's gonna be dumped for approximately 6%.
After bounced back from the support line, it's gonna try to break the resistance line. The target is +11%, 57K zone.
The 1H triangle support line zone is overlapping to the 4H timeframe SMA 200 line support line zone. So, this trend is much more like "bullish" you can say.
Personally, I'm gonna take a profit (30% or so) in the 57K zone. Although as a daily timeframe RSI perspective it's sufficiently healthy market condition for the next exploding, I believe always taking some profit at high is a feasible practice.
(This is not supposed to be a financial advice.)
After bounced back from the support line, it's gonna try to break the resistance line. The target is +11%, 57K zone.
The 1H triangle support line zone is overlapping to the 4H timeframe SMA 200 line support line zone. So, this trend is much more like "bullish" you can say.
Personally, I'm gonna take a profit (30% or so) in the 57K zone. Although as a daily timeframe RSI perspective it's sufficiently healthy market condition for the next exploding, I believe always taking some profit at high is a feasible practice.
(This is not supposed to be a financial advice.)