Support Lines and Triangles: BTCUSD

in bitcoin •  7 years ago 

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Scenario 1: The price closes above the blue support line and an attempt to break up of the June triangle will occur. It's called June triangle because its resolution lies at the beginning of June.

Scenario 2: Price fails to close above blue line and bounces between the red and the blue line until July, when the July triangle resolution lies.

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Oh its mean bitcoin coin price is more down thanks for share this...

yeah but you should not fully trust technical analysis it's just prediction that used some statistics no know what will happen next thank you