BTC has another potential false breakout
Hi everyone, here is my TA on BTC/USDT on a 1h TF
- BTC Price broke above the trend line on a symmetrical triangle but it is not sustainable leading to a potential fake out or false breakout
- Parallel Channel has formed but can also treat as a rising wedge pattern
- Broke below the trend line of a parallel Channel and the price of BTC is currently testing the lower trend line as well as the resistance
- Inside the Parallel Channel, double top has been formed indicating a bearish movement
- Personally, If btc price got a rejection on these trend lines and resistance level, I'm bearish on BTC for now
That's it guys! Take care! NFA, DYOR & TAYOR
- BTC Price broke above the trend line on a symmetrical triangle but it is not sustainable leading to a potential fake out or false breakout
- Parallel Channel has formed but can also treat as a rising wedge pattern
- Broke below the trend line of a parallel Channel and the price of BTC is currently testing the lower trend line as well as the resistance
- Inside the Parallel Channel, double top has been formed indicating a bearish movement
- Personally, If btc price got a rejection on these trend lines and resistance level, I'm bearish on BTC for now
That's it guys! Take care! NFA, DYOR & TAYOR
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.