If we get a consolidation in triangle pattern like this then we get Two scenarios
A. Bullish move towards $50k
B. Bearish move towards $38k zone
Leaning towards bearish scenario with tiny invalidation of $43.6k
A. Bullish move towards $50k
B. Bearish move towards $38k zone
Leaning towards bearish scenario with tiny invalidation of $43.6k
Trade active
Price dropped from $42.8k and moving towards previous Weekly support $40.5kBelow that we can see $FWB:39K
Stops in profit
Trade closed: target reached
Price tagged $40.5k, can show some bounceShort target met, onto next trade
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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.
Disclaimer
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.