Crypto Market VLOG #27 - Possible triangle for BTC?
I'm seeing BTC in a symmetrical triangle currently, a fairly weak one that needs further confirmation.
We failed to break and stay above 40k again, this is a trend of weakness we have seen since the 59k test start of May. Considering this recent downtrend, does probability favor breaking out of a neutral triangle?
No :(, it doesn't.
Measured move down from this triangle (tentative triangle that needs more confirmation!) is... drumroll... 20k!
MY BTC PREDICTION for next 24 hours, test 35k with a possible test of 32.5k / 33k.
Shoutouts to todays trading view ideas = @dRends35, @Sheldon_Sniper, @TradingShot, @NGenetics
=== TimeStamps ===
0:00 = Welcome
0:20 = BTC Update
1:00 = BTC 1 Day
2:50 = BTC 4 hour
3:20 = Symmetrical triangle
6:00 = Fibs
7:00 = BTC 1 hour
7:30 = BTC LTF
10:10 = MY BTC PREDICTION TODAY
12:00 = @dRends35 - elliot waves to 20K
16:40 = @Sheldon_Sniper / @TradingShot - inverse H+S
19:00 = @NGenetics - accumulation wyckoff
We failed to break and stay above 40k again, this is a trend of weakness we have seen since the 59k test start of May. Considering this recent downtrend, does probability favor breaking out of a neutral triangle?
No :(, it doesn't.
Measured move down from this triangle (tentative triangle that needs more confirmation!) is... drumroll... 20k!
MY BTC PREDICTION for next 24 hours, test 35k with a possible test of 32.5k / 33k.
Shoutouts to todays trading view ideas = @dRends35, @Sheldon_Sniper, @TradingShot, @NGenetics
=== TimeStamps ===
0:00 = Welcome
0:20 = BTC Update
1:00 = BTC 1 Day
2:50 = BTC 4 hour
3:20 = Symmetrical triangle
6:00 = Fibs
7:00 = BTC 1 hour
7:30 = BTC LTF
10:10 = MY BTC PREDICTION TODAY
12:00 = @dRends35 - elliot waves to 20K
16:40 = @Sheldon_Sniper / @TradingShot - inverse H+S
19:00 = @NGenetics - accumulation wyckoff
