BTCUSD
As you can see in the chart, Bitcoin has been inside an Ascending Triangle for about 36 days, and it could possibly last another 10 days of so. But eventually, it will need to break out of it. In the meantime, it is accumulating a lot of energy, so when it breaks out of it, it should be a powerful move, one that could easily take Bitcoin to 15K or so.
www.freeonlinetradin...ending-triangle.html
There is a lot of resistance in the $10,500 level, the highs of February, also in the $10,000 level. Recently it broke above $10,000, to $10,400, but immediately fall back down the day after.
The trade will be to put an automatic, Buy Stop Market Order, with a price trigger at $10,600 USD, $100 above critical resistance. With a stop loss at $9,000. Risking $1,600 USD, to try to win a lot more with high odds. But, as long as we remain inside the triangle, there is no trade.
Good Luck to You
Comment:
There is an open GAP on the CME Futures Chart of Bitcoin, around $9,475 USD. Eventually, 95% of all GAPs get filled, which would imply an up-move to that level, something I would expect should happen this week. Also, there is a positive MACD Divergence on the hourly chart.
Comment:
We close the GAP sooner than expected.
