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03.10.202208:55 Forex Analysis & Reviews: BTC update for October 03,.2022 - Triangle pattern in creation

Technical analysis:

Exchange Rates 03.10.2022 analysis

BTC/USD has been trading sideways at the price of $19.200. I see triangle pattern in creation and potential for the breakout mode.

Trading recommendation:

Due to the sideways condition and triangle pattern in creation, I see potential for the breakout mode.

In case of the breakout of the resistance at the price of $20.170, watch for buying opportunities with the upside objective at the price of $22.400

In case of the downside breakout of the support at the price of $18.850, watch for selling opportunities with the downside objective at the price of $18.000

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Petar Jacimovic,
Analytical expert of InstaSpot
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