Hello traders, BTC / USD is in a triangle of symmetry with decreasing trade volume.
The price reacted on the resistance zone but it is collapsing until it comes to test the bottom of its triangle which is the horizontal support zone.
For the moment no choice taken between bulls and bears so we can make an escape upwards or downwards.
If we break from above the objective will be the breaking resistance from 40,000 before the medium term downtrend line will give way.
And at the bottom of the short term uptrend line can be a signal of a future downside.
This is not investment advice but a recommendation for use. *
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your reactions in the space dedicated in description.
Please like and follow, thank you.
Hello traders,
BTC / USD is in a triangle of symmetry with decreasing trade
volume .
The price reacted on the
resistance zone but it is collapsing until it comes to test the bottom of its triangle which is the horizontal
support zone .
For the moment no choice taken between bulls and bears so we can make an escape upwards or downwards.
If we break from above the objective will be the breaking resistance from
40 ,000 before the medium term downtrend line will give way.
And at the bottom of the short term uptrend line can be a signal of a future downside.
This is not investment advice but a recommendation for use. *
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your reactions in the space dedicated in description.
Please like and follow, thank you.
