As you can see BTC has followed my previous predictions fairly well. The final leg of this triangle is being completed in the shape of a channel or bear flag. Short term target 6400 then a possible bounce or consolidation around the 6000 resistance from the previous major low until we reach BTC's actual value. Since this triangle is symmetrical we have a 60% chance of breaking to the downside combine that with the fact that we broke a way bigger resistance a few weeks ago which puts more downward pressure on BTC and it's worth entering before breakout on a high price
I'd suggest a stop loss of around 7200 since according to wyckoff theory a break above that would mean a successfull breakout has happened.
I'd suggest a stop loss of around 7200 since according to wyckoff theory a break above that would mean a successfull breakout has happened.