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SheaBarry

BTC - Strong Symmetrical Triangle - RSI bullish divergence

Long
Bitcoin (BITSTAMP:BTCUSD)  
SheaBarry  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC btcusdlong swingtrading daytrading Cryptocurrency crypto Bitcoin (Cryptocurrency) ETH
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trendanalysis chartpattern indicator btc btcusdlong swingtrading daytrading cryptocurrency crypto bitcoin eth
BTC has been trending in this symmetrical triangle since mid-June. The support line has been respected since early April, being a previous resistance.

BTC is showing early signs of bounce from this support line once again. RSI has formed a higher low which shows bullish divergence.

I am long and targeting near the top of the triangle, around $11250.
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