BTCUSD
This symetric triangle is about to break, its consolidating with declining volume so a volatile breakout is to be expected.
According to investepedia:
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point.
I've marked both scenarios (breakout / breakdown), the price targets are mapped using the purple vertical lines.
In the case of a breakout we see this pricetarget matches the Fibonacci golden pocket (~48k-49k), in the case of a breakdown the pricetarget is around ~25k-23k
Always wait for confirmation and be weary of fake breaks.
ความคิดเห็น:
This was clearly a fakeout (imho due to: twitter.com/elonmusk.../1400620080090730501) but i do feel like today the explosion will happen