TradingView
ambrosia
Mar 26, 2020 7:42 AM

BTC to move soon 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is in an ascending triangle. It will probably break to the upside but be careful! Money can be made to the downside too. Let's wait and see.
Comments
Protixder
Good work
f-73
That triangle looks a bit sparse.

A rising wedge looks likely and we got a diamond pattern.
Diamonds are pretty unpredictable in bitcoin market.

To me bias is slightly bearish, but since volume is low and CME futures expire tomorrow anything may happen.
Careful under 6400$.

A worthwhile suggestion imho is protect or hedge any Long position here if you want to face the risk.

f-73
@ft-73,
ambrosia
@ft-73, Yeah. I saw that. This a possibility too.
Protixder
China’s central bank moves closer to issuing digital currency: insiders see the global news in china , expecting a huge breakout to 7K area +, at this low price , the whale effect are strong MX-350
More