UnknownUnicorn3707027

Bullish break-out - confirmed if closing above 9470

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin managed to break-out of the prior established triangle and can climb higher now. If we have a close above 9470, I see 10.3k very probable in the near future. Before, we need to be cautious opening a long position.

Resistance has been overcome which was valid for weeks
Stoch RSI found support on prior resistance
MACD turning bullish on daily

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.