Just watching the chart here and you can see that Bitcoin rejected the symmetrical triangle on the higher timeframe due to rejection at 39k. It fell down into a smaller symmetrical triangle with what I'd argue is bearish bias. I still provided two breakout possibilities, bullish and bearish. In either case I don't think this will be a big breakout, and odds are better of it breaking down versus up.
Apologies for the messy chart but this is just my workspace, not what I normally share.
Apologies for the messy chart but this is just my workspace, not what I normally share.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.