BTC: A BIG 20% MOVE COMING SOON BUT IN WHICH DIRECTION??
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Welcome to this quick BTC update. BTC is tucked at the same price level for the last 24-48 hours.
It is trading inside a symmetrical triangle in a 6hr time frame and soon we see a break of this structure.
Here are two scenarios I'm looking for:-
Scenario1:- If BTC breaks out of this triangle and gives a close above the 20k level then we see a pump up to the
23K level.
Scenario2:- If BTC breaks down this triangle and gives a close below the 18k level then we see a dump up to the 15k level.
For knowing the answer to which scenario is playing here, we have to wait for a clear move first. As of now, the bull and bear fight goes on. Let's see who wins.
Waiting patiently for a clear move to take any trade here. If you are holding some longs or shorts then keep your SLs tight.
Hope this idea will help you to take better trade decisions.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update. BTC is tucked at the same price level for the last 24-48 hours.
It is trading inside a symmetrical triangle in a 6hr time frame and soon we see a break of this structure.
Here are two scenarios I'm looking for:-
Scenario1:- If BTC breaks out of this triangle and gives a close above the 20k level then we see a pump up to the
23K level. Scenario2:- If BTC breaks down this triangle and gives a close below the 18k level then we see a dump up to the 15k level.
For knowing the answer to which scenario is playing here, we have to wait for a clear move first. As of now, the bull and bear fight goes on. Let's see who wins.
Waiting patiently for a clear move to take any trade here. If you are holding some longs or shorts then keep your SLs tight.
Hope this idea will help you to take better trade decisions.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Nota
BTC looks good here. Breaks out from this symmetrical triangle. We need a daily close above 20k for an excellent potential rally up to the 21k-22k level.
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