#BTC Ascending Triangle

29 Apr

📊#BTC Ascending Triangle📈

🧠From a structural perspective, we are currently in an overlapping resistance zone. We failed to fall further yesterday to build a short structure, but continued to digest the selling pressure here in a sideways consolidation manner. Today, we attacked the heavy resistance area near 95,000 again. Only by breaking through this area can we start the surge mode.

➡️From the perspective of wave theory, there is another opportunity to form a bullish wolf wave here, which also represents a signal that the trend is about to end.

➡️From a morphological perspective, an ascending triangle has formed here, and it has now broken upward. We can expect more gains to appear.

Let's see👀

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BTCUSDT.P

30 Apr

Pesanan dibatalkan

#BTC Update:

We attacked the heavy resistance area near 95000 several times, but failed. My remaining long position was closed because it hit the breakeven point.

The ascending triangle failed to break out, and eventually evolved into a larger triangle, and also chose to break down, so we need to be vigilant about the risk of further decline.

From a structural perspective, multiple short structures have been established in overlapping resistance areas, so we need to be vigilant about the occurrence of a pullback. The stage support area worthy of our attention is 90888-91777.