Maddie
Long

BTC gets squeezed in an ascending triangle before breaking out

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
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Hi all,

I'll keep it short this time, if you've got any questions feel free to ask, but I think the charts and the bit of description speaks for it's self. I have no idea in which way BTC wil break out of the triangle. Most of the times an ascending triangle emerge and break out upwards when were in an uptrend... as you can see BTC is not. Also I've spotted some divergence. It's up to you to make your own opinion :)

The only advice I can give you is to watch te resistance and support lines carefully and only act when one of these lines got broken for 1,5 days.

Good luck trading :)
Best wishes,

Maddie
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