Possible Ascending Triangle Make it or Break it moment. BTC/USD

5 de mar.

-Ascending Triangle on the daily
-TD 9 confluence with Apex of the triangle
-Triangle serves as a synthetic A13
-Targets are either. 82941 for the Long::::57390 for the short.
-Suspicious after a possible structural interruption making the pole smaller than originally perceived at 49k-ish
-Watch Short/Longs Indexes


Here we have on the Daily an ascending triangle. As you can see we are reaching the end of its life cycle. To me at this price point and all the market anxiety pre-halving and people expecting retraces and such this is an important moment. I think this may be a Bull flag.. as it stands.. but be careful because it could fail. I'm not bearish but I'm not careless either. I have 2 possible targets based on the measurements of the pole with one problem... if you look around.. 49k-ish on the daily.. that red candle is kind of throwing me off not gonna lie so the target may be... way and laughably shorter than what we may think due to structural interruption. Regardless I'm... almost certain everything is good though in regards to that but I will remain suspicious until proven otherwise. The triangle at these prices is the equivalent of an A13? Why? Easy Structure that points to volatility in the soon-to-be future. How incredible we also have arrived at a TD 9 at the daily. Out of all the numbers.. This is the one with the highest chance of volatility than the rest because it is the most likely "predict" so to speak that price action will NOT range. Rather Make it or Break it. This is why this makes sense to me right the edge of the Apex of this structure. My targets for this are if we go up 82941 and if we go down 57390. By the way, if we do go down... This may be a catalyst for a much stronger retracement so watch out. If we go up... the likelihood of going higher... in my opinion is greater... and the retracement is in my head much higher than we are right now, rest assured those shorts will give you know warning to check any indexes in regards to that.

5 de mar.

Nota

Things are not looking too hot for the bulls right now, all I'm saying my major concern is closing... under the 200ma and ema on macro timeframes.. That is going to be killer if we do that.