BTC / USD Main trend. Triangle Secondary trend reversal zone.

BTC / USD Main trend. Triangle Secondary trend reversal zone.

BTC / USD on the chart is the main trend of this branded cryptocurrency. Monthly schedule. Positional trading. Symmetrical triangle. The price is already trading above the secondary downtrend line (symmetrical triangle resistance).

Also, from the reversal zone, a slight pullback is possible compared to the percentage of the trend (possibly squeezing) to the mirror support level (the former resistance of the triangle) -16.66%. Maximum movement -31.21% (unlikely). If there is such a deep pullback to the main trendline, an ascending triangle will form. Maybe it’s even better for the 2021 madness.

Before the world moves to “new money”, “China” and the cryptocurrency brand “will come to every home.” The general trend of projects is predetermined in advance. Today is 18 10 2020.

Published at Sat, 17 Oct 2020 22:09:17 +0000

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