Bitcoin (BTC / USD) Key Days -Triangle, Breaking Up or Bear Trap or...?

What is happening with the breaking of the triangle?

Let's see

In the last hours it seems to be breaking an upward triangle.

It could be confirmed with a large bullish candle in the next few hours

But at the same time we do not see a large volume with the breakdown of this triangle for now.

Which makes me think of two possibilities

A bear trap.

The price gives an impression of breaking higher and then breaking lower.

That the price of Bitcoin continues to move in channels

I have been following this theory for several weeks since the price retracement was very abrupt and there are many downside break points, which are good points to take into account to define a range.

It would be normal for the price to lateralize in a range after such a significant retracement in a short time

At the end of 2018, during 2019, we saw a similar drop of 50% that took 120 days, 4 months to break the re-accumulation channel.

Another different fall for me was that of 2020.

The fall of 2020 was panic in the market and that is why the recovery was so fast, remember that no one thought it would be so fast, at 7000 dollars there was talk of a setback and it just reached 40,000 dollars.

And what do you think?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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