Ascending Trinagles are a chart pattern - We saw one forming back when btc was in 4k area, Now its forming at the the current price range of 11k-13k.
IF it breaks above we could be looking at bitcoin TESTING ALL TIME HIGHS!
But nothing is certain in trading - So DYOR as well!
Main level to be aware of 11.1k We close below this level on the daily for any reason - This trade idea would be invalidated.
Wish you all good trading and profits!
The green zone b/w 10.9k and 11.1k is the ideal buy area to manage risk.
But lets wait and watch what magic happens in the next 2 hours.
Bullish divergence on 4h. If btc continues to hold 11.1k on daily charts expect more upwards movement!
Again, If daily breaks support of 11.1k - I have no problems turning bearish immediately.
I actually agree - i let my feelings get the better of me instead of waiting for confirmations..I am not in any position RN - that stop loss at 11.1k saved my ass. I am not too optimistic of this going above 11.1k RN.. :(
ah it was drawn out of approximates without mucch consideration given to artistic tastes. Im sure if u check out my mermaid and snake drawing ideas u will like better!
But yeah! Im not sure whether this triangle idea will hold - But we''ll see!!