DOT: resistance is the first step to change

Symmetrical triangle
  • Textbook: wait for confirmation ➡ breakout of triangle
  • Volume still low
  • RSI looks good
  • MACD & STOCH RSI cross-over ➡ bullish signal
  • Red dotted lines ≈ key resistance levels
  • Psychologic levels: $40/$45/$50
  • Higher timeframes = safer
  • Caution: BTC volatility may affect the entire market


Advise to beginners: spot trading = safer (HODL in case price goes down).

Not financial advise.

I am not an expert, just my opinion.

Feel free to share your views.

Good luck!
Chart Patterns

Penafian