Bitcoin has still a bullish trend
Bitcoin moving similar to the previous analysis (exit from the wedge pattern) but this time in the form of a triangle and, as you can see, the pullback also had a broken wedge (orange line).
At this moment, a few cases can still be considered, but the cases that are more likely in my opinion than the others are mentioned:
1️⃣ The first priority with the most probable movements of the green arrow is to move the suffering and neutral for a while along the chart and finally to hit the floor of the triangle, then break the roof of the triangle upwards and move towards the specified goals!
2️⃣ The second priority with medium probability (purple arrow) means to defeat the resistance R at once from the same current point, and after fixing on R, to defeat the ceiling of the triangle upwards as well.
3️⃣ The third priority is less likely to move down (eventually hitting the first or second level of support and going back up)
Best Regards.
At this moment, a few cases can still be considered, but the cases that are more likely in my opinion than the others are mentioned:
1️⃣ The first priority with the most probable movements of the green arrow is to move the suffering and neutral for a while along the chart and finally to hit the floor of the triangle, then break the roof of the triangle upwards and move towards the specified goals!
2️⃣ The second priority with medium probability (purple arrow) means to defeat the resistance R at once from the same current point, and after fixing on R, to defeat the ceiling of the triangle upwards as well.
3️⃣ The third priority is less likely to move down (eventually hitting the first or second level of support and going back up)
Best Regards.
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