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.
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.