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SpookyBrenda
May 17, 2020 2:10 PM

BTC:USD (1H) - Ascending Triangle Long

COINBASE:BTCUSD60
Bitcoin / United States DollarCoinbase

Description

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Ascending triangle on hourly timeframe for BTC:USD. Expecting resistance at $9800, retracement down to $9550 and then up to 10k levels. Resistance at 0.618 fib (10k) level likely, possibly trading sideways for a while before bulls push upwards more.

Long entry ~$9550.
Trend AnalysisSupport and ResistanceTriangleBullish PatternsAscending TriangleLONGBitcoin (Cryptocurrency)Cryptocurrency
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