BITCOIN: CAN WE SEE A BREAKOUT???
Hello guys, I hope you all are doing great.
As we are coming to the end of the weekend, we can see BTC making a move trying to break through the symmetrical triangle in 4 hours timeframe. Things will surely be good if BTC breaks out and make a small rally toward the $17.5k range. We still have 1 hour to go so if there is any positive breakout, we can go long on BTC with tight SL ($16.3k). The target will be around $17.5k (5%).
DYOR before investment.
Trade safely.
As we are coming to the end of the weekend, we can see BTC making a move trying to break through the symmetrical triangle in 4 hours timeframe. Things will surely be good if BTC breaks out and make a small rally toward the $17.5k range. We still have 1 hour to go so if there is any positive breakout, we can go long on BTC with tight SL ($16.3k). The target will be around $17.5k (5%).
DYOR before investment.
Trade safely.
BTC didn't manage to breakout but it is still under the symmetrical triangle. If it manages to hold this level then we can expect a jump before or after the weekly close. If it breaks down then $16k level is expected.
Be cautious, guys.