Hi everyoneđ(I hope you had a great weekend).
As you know, trading volume is low on Saturdays and Sundays(generally).
After breaking the đąsupport zone($29,850-$29,480)đą, Bitcoin has started to form a Symmetrical Triangle Pattern this weekend.
đThe Symmetrical Triangle, which can also be referred to as a coil, usually forms during a trend as a Continuation Pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended, and the symmetrical triangle takes shape.đ
đĄIt is interesting to note that when Bitcoin hits the upper line of the symmetrical triangle pattern, the Volume of Trading is higher than when Bitcoin hits the lower line of the symmetrical triangle pattern. This happen shows us pressure of sellers is high.
đI expect Bitcoin to move towards the đąsupport zone($28,450-$28,080)đą â ïžafterâ ïž breaking the lower line of the symmetrical triangle.
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đâPositive Newsâđ:
Congressman Patrick McHenry: Bitcoin is a âFinancial Revolution.â
Robert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children.
đâNegative Newsâđ:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame â°.
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 be glad to see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
As you know, trading volume is low on Saturdays and Sundays(generally).
After breaking the đąsupport zone($29,850-$29,480)đą, Bitcoin has started to form a Symmetrical Triangle Pattern this weekend.
đThe Symmetrical Triangle, which can also be referred to as a coil, usually forms during a trend as a Continuation Pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended, and the symmetrical triangle takes shape.đ
đĄIt is interesting to note that when Bitcoin hits the upper line of the symmetrical triangle pattern, the Volume of Trading is higher than when Bitcoin hits the lower line of the symmetrical triangle pattern. This happen shows us pressure of sellers is high.
đI expect Bitcoin to move towards the đąsupport zone($28,450-$28,080)đą â ïžafterâ ïž breaking the lower line of the symmetrical triangle.
--------------------------------------------------------------------------------
đâPositive Newsâđ:
Congressman Patrick McHenry: Bitcoin is a âFinancial Revolution.â
Robert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children.
đâNegative Newsâđ:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame â°.
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 be glad to see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
Handel aktiv
Kommentera:
It seems that Bitcoin failed to break the downtrend line.
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đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đif you want to learn Technical Analysis = Please Contact međ t.me/Ad_ProTrader365