📊#BTC Ascending Triangle📈
🧠From a structural perspective, we have been consolidating sideways in the blue resistance area to digest the selling pressure here, so we need to be alert to the risk of further surges. The resistance to note is around 89,000-90,000.
➡️From a graphical perspective, the price is gradually being compressed to form an ascending triangle. Generally, we regard this model as a signal that the trend is about to end. We are currently in an upward trend at the 4h level, so we need to be alert to the correction after the trend ends.
⚠️Note that if we fall below the yellow turning point 86,984, the market will choose to break down, which means that the correction phase will start early.
Let's see👀
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BTCUSDT.P
🧠From a structural perspective, we have been consolidating sideways in the blue resistance area to digest the selling pressure here, so we need to be alert to the risk of further surges. The resistance to note is around 89,000-90,000.
➡️From a graphical perspective, the price is gradually being compressed to form an ascending triangle. Generally, we regard this model as a signal that the trend is about to end. We are currently in an upward trend at the 4h level, so we need to be alert to the correction after the trend ends.
⚠️Note that if we fall below the yellow turning point 86,984, the market will choose to break down, which means that the correction phase will start early.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade closed manually
#BTC
Market development does not meet the expectations of the ascending triangle
The price reached near the cost price and the escape was successful.
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🔥🔥Use the invitation link to register and trade, and you can join the spot VIP club for free.🔥🔥
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.