BTCUSD 2HR new break coming?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Possible new triangle spotted

The previous resistance trend-line has been broken and seems to provide some support after it.

There could be a nice breakout coming if we break out from this triangle.
I am currently long from the bottom of the (green+red)trend-line and will add to the position if we manage to breakup above the resistance of the yellow trend-line.

A rejection candle like a 15+min shooting star on the top of the channel indicates weakness as can be seen in the previous price action.
Just like a hammer on a support-level or support-line can be a bullish sign.

Go with the break



Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out