Bitcoin looks like it is preparing to break out to the upside of this ascending triangle, which is usually a bullish chart pattern.
Considering the fact the previous major support breached at 5800 months ago was never retested, we should expect it will be in the near future, then will probably be rejected at the touch of it. So, long Bitcoin now, short it at 5800, next resistance level.
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This analysis is only for paper trading purposes and we do not support playing with real money, considering you are not a professional trader/analyst.
Please take into consideration you can lose REAL money that pay for your rent and stuff, if you decide to delve into trading crypto (which is a highly emergent asset) using fiat (dollar, euro ,etc).
Please keep tuned in for updates, comment share and etc if you like this analysis.
***
Take care,
More useful resources, news and analysis @ kryptojohn.com
#BTC #Bitcoin #TA #TechnicalAnalysis
Considering the fact the previous major support breached at 5800 months ago was never retested, we should expect it will be in the near future, then will probably be rejected at the touch of it. So, long Bitcoin now, short it at 5800, next resistance level.
***
This analysis is only for paper trading purposes and we do not support playing with real money, considering you are not a professional trader/analyst.
Please take into consideration you can lose REAL money that pay for your rent and stuff, if you decide to delve into trading crypto (which is a highly emergent asset) using fiat (dollar, euro ,etc).
Please keep tuned in for updates, comment share and etc if you like this analysis.
***
Take care,
More useful resources, news and analysis @ kryptojohn.com
#BTC #Bitcoin #TA #TechnicalAnalysis