BTCUSDT 4H - TRIANGLE in the MIDDLE ZONE
2024-10-10

BTCUSDT 4H - TRIANGLE in the MIDDLE ZONE

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BTCUSDT 4H - TRIANGLE in the MIDDLE ZONE

The price of BTC is COMPRESSING in a TRIANGULAR ZONE with support at 60k. If it breaks upwards, it could reach 68k. If it breaks downwards, it could look for the base of the flag at 52k again. Whatever it does, it will surely be explosive without much reaction time for retail investors.

LEVELS:

SL: 60000

Dynamic Support: 57000

Flag Support: 52000

TP: 68000

BUY ZONE: above 70000 after price consolidation.

The path both up and down is going to be complicated in this game zone. There are multiple readings where the price could reverse and leave us out of the game both up and down.

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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)