Hello my friends, today I want to talk with you about BTC .
Now BTC trades in triangle in area 40-38k
I think price can grow to resistance line of triangle and continue to fall.
Stop Loss must be above 40k better will be above 40500.
If price will break support line of triangle we can see at least small pullback from Support 1 zone.
But I think that true target is around support 2 zone 35-34k.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
Now BTC trades in triangle in area 40-38k
I think price can grow to resistance line of triangle and continue to fall.
Stop Loss must be above 40k better will be above 40500.
If price will break support line of triangle we can see at least small pullback from Support 1 zone.
But I think that true target is around support 2 zone 35-34k.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
Comment:
Position closed, price broke up triangle, we will wait for another entry point.
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Trustful exchange 👉 http://www.kucoin.com