BTC ascending triangle on 200MA


As you can see the yellow circles are nudging the 200MA which is acting as resistance. Each rejection though is dipping less and less - forming an ascending triangle on the 200 MA.

Watch for the pink circle which is strong resistance - doubly for the 10k psychological plus the 200 MA. When it breaks 11k won't even get a look in as we fomo straight to 112K where I see next resistance.

Market is bearish now - but see my falling wedge chart idea just posted on smaller TF. I'm long but as always be safe and consider all possibilities with appropriate stops.

Good luck! :)
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