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Faibik
Aug 13, 2020 4:02 AM

Bitcoin | Ascending Triangle & Bearish Divergence..!! Long

BYBIT:BTCUSD1D

Description

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#BTC #Bitcoin (Update)


On 13th July, "HASH RIBBON" indicator Printed Buy Signal & After that Bitcoin Increased +28% So far in 30 Days (Not Bad at All)

In 1D Time frame, Bitcoin Has been Forming Ascending Triangle Pattern.

According to Triangle Formation, I'm Expecting that Bitcoin Will Remain Stable inside the Triangle (Consolidation) for Next Few Days (8-12 Days)

At the Moment, 12k Acting As Strong Resistance & Trendline of Triangle Acting As Support.

In Case of Triangle Upside Breakout, Next Stop Would be Around 13k Area. & If Triangle Broken Downside, Bitcoin Might test the 10.6-10.8k Area .

RSI (Relative Strength Index) Indicator Printing Bearish Divergence As Well 👀




FYI, There is a Unfilled CME gap as Well in 9645-9925 Range.






Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!

Thanks for Your Love & Support..!!
Support and ResistanceTrend LinesTriangleBTCUSDBTCBitcoin (Cryptocurrency)BTCUSDTbitcoinforecasthashribbonsfaibik
Comments
InkyGrip
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Nice chart! thanks man
Faibik
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@plancton0618 thanks for appreciation
FindTheSun
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what does CME gap mean exactly?
dralerte
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@FindTheSun Ask GOOGLE and DYOR.
Faibik
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@dralerte nice 😄
FindTheSun
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@Faibik, that's not nice and not even funny in the slightest bro, of course i can google and dyor, but TV is a community and we are ought to foster discussion and collaboration, it's not a battlefield, it's a fellowship. wake the heck up people 😎👍 @dralerte if you can't help, pass it on and don't answer. HAVE A GREAT TIME, Y'ALL 👍
NIGHT_NIGHT_5
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@FindTheSun There is no trading for cme on the weekend. This developes a gap on the charts!
FindTheSun
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@NIGHT_NIGHT_5, thanks for a quick answer bro, just what i was looking for. cheers 👍
yes337
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Thank you.
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