Bitcoin has been trading in a local triangle lately. Yesterday the price broke this triangle down and I am currently expecting clearer formations to trade.
I am now expecting several scenarios:
a) price could come back, test the lower boundary of the triangle as resistance and go lower, towards the marked targets.
b) price could come back, start squeezing, break the trend line , and only then if it successfully tests support, there could be a good moment to buy.
I am now expecting several scenarios:
a) price could come back, test the lower boundary of the triangle as resistance and go lower, towards the marked targets.
b) price could come back, start squeezing, break the trend line , and only then if it successfully tests support, there could be a good moment to buy.
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