triangle pattern for BTCUSD. Higher upside probability afterwards
Back to the basics is always better. Targets: Target 1: 1.31416 Target 2: 1.31151 Target 3: 1.30948 Keep Positions Liquid
A potential breakout to the higher 1.36 levels are a possibility. We will have to see a clean breakout of the 1.35200 Resistance to spike us to the 1.36 levels. We are going to hit a Fibonacci Level regardless, so if price doesn’t hit the 61.80% Fib we can see it fall with the purple trend line to bounce off the 50% Fib level.
Based off the 4H chart, looks like we should be approaching our Daily resistance level. Then we should plunge back to our initial trend line after the fake out!
Trend line is still on track as pictured. Fake out had massive sell off at $0.37250. Price consolidated, awaiting further potential break now. Other wise lower levels will be retested...
XRP has been in a rhythmic pattern as of late, I am anticipating a drop. Trying something new!
After moving sideways for the past couple days, finally momentum has increased and a potential breakout back to 1.33 levels are probable. Otherwise a heavy rejection from the Orange range will continue to pull us further downwards following the Red Arrow to the lower 1.32350 support.