Bitcoin is Ready to Fall===>>Symmetrical Triangle

Bitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle.

We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign).

I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart.

Important Support Zone($69,500_$68,820): Monthly Pivot Point//Fib Cluster//100_SMA(Daily)//50_SMA(Daily).

Note: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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Kommentar:

Still valid

Kommentar:

if BTC is able to break the resistance zone, we can expect BTC can touch the $72000