This month, keep it simple with BTC!
The symmetrical triangle was perfectly retested, which is a bullish indicator. However, the market is encountering resistance at the TPO point of control drawn from the start of 2021, which, if broken and held above, would likely lead to additional highs. When price was within this pattern, the 50 - 3-day Moving average served as dynamic support, and it will serve as additional line of defense if price falls back into the triangle.
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☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
The symmetrical triangle was perfectly retested, which is a bullish indicator. However, the market is encountering resistance at the TPO point of control drawn from the start of 2021, which, if broken and held above, would likely lead to additional highs. When price was within this pattern, the 50 - 3-day Moving average served as dynamic support, and it will serve as additional line of defense if price falls back into the triangle.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!