Bitcoin | Ascending Triangle & EMA50..!! Education
Bitcoin / U.S. dollarBitstamp
Description
⋅ BTCUSD (Update)
In Daily Chart, Bitcoin forming Ascending Triangle Pattern.
Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days)
In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666.
If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k)
By the Way, Volume has been Decreasing Since 10 May (Halving Hype), Big Move Ahead So Be Ready for Both Bullish & Bearish Scenarios.
What We Do Now ??
If You're Holding Bitcoin, Set Stop Loss Below Daily EMA50 (9105) & Wait for Triangle Breakout..!!
In Longterm, Bitcoin Might Retest the 6666 Area Before Triangle Breakout,
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..!