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parissap
7 Th08 2022 07:27

BTC symmetrical triangle  

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

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#BTC/USDT
short-term analysis.

BTC is inside a symmetrical triangle between 0.5 and 0.386 fib levels of the last swing high.

🐻 bearish flag can drop price to break out from lower line toward 0.5 fib level at $22700.

🐮 the upper line of flag is the same with descending resistance zone, that makes this zone strong.
BTW if price breaks out from this zone price possible to move up toward resistance zone above $23500.
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JoeChampion
It makes a lot of sense!
parissap
@JoeChampion,glad you are agree
YMGroup
excellent view, Im agree with you
parissap
@YMGroup, thank you appreciate it
Tolberti
Great idea, thanks for sharing!
parissap
@Tolberti, thanks for your attention
HAMED_AZ
Nice one
parissap
@HAMED_AZ, thanks mate
Solldy
In general I agree with this publication, BUT my goals are a bit lower, and I do not believe it will happen so soon.
parissap
@Solldy, yes we are in boring market
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