July 16, 2026

Possible Price Actions in Inverted Symmetric Triangle

Possible Price Actions in Inverted Symmetric Triangle

Possible Price Actions in Inverted Symmetric Triangle

Possible Price Actions in Inverted Symmetric Triangle

Bitcoin / TetherUS BINANCE:BTCUSDT
bylal666


Possible Price Actions in Inverted Symmetric Triangle

Even though we show a fake break out of our current inverted symmetrical triangle, we continue to stay inside the formation. If BTC shows the required performance, we break the price resistance at $43.5K and then after a re-test period, we will first start our journey of $47K and then $52K. We are in a tangle of movements that will cause us to think that we will be in this pricing process in the medium term.

My completely non-technical prediction is that if we reach our target of $52K, market maker hidden hands can take BTC to a price of $56K and slightly above to burn the short positions that will be opened at this point. Afterwards, our $22K process will inevitably start and we will make trucks of money from short positions.

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