BTC: BREAKOUT OR JUST ANOTHER FAKEOUT?
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Welcome to this BTC update. BTC is trading above 30k.
BTC is breaking out from the symmetrical triangle and currently retesting it. After this successful retest, we might see a good upward rally.
The important thing to remember here is that we have seen a false breakout many times in recent days. Every time BTC did a break out it turned out to be a fakeout. So if you open any long position then keep your stop losses tight.
What do you think about this?
Do you think that we have seen a bullish rally from here or this is just another fake-out?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. BTC is trading above 30k.
BTC is breaking out from the symmetrical triangle and currently retesting it. After this successful retest, we might see a good upward rally.
The important thing to remember here is that we have seen a false breakout many times in recent days. Every time BTC did a break out it turned out to be a fakeout. So if you open any long position then keep your stop losses tight.
What do you think about this?
Do you think that we have seen a bullish rally from here or this is just another fake-out?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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