Bitcoin a triangle - wait for a breakout

Bitcoin / U.S. dollarBitstamp

Description

⋅ Mar 1, 2018 3:57 PM

Hello traders,

BTC went above the green uptrend line and found support on it, but it hit the down trending red line. Currently, BTC is stuck in a triangle formed by the green and red line. Wait for a solid breakout with volume before you buy in.

Comments

hi108

⋅ Mar 1, 2018 7:39 PM

at that price will you buy?

belalb3

⋅ Mar 1, 2018 8:30 PM

@hi108, Not yet. I don't see a strong breakout with good volume. I'll add to my position if we go above the previous high.

EtherSwinger

⋅ Mar 1, 2018 6:40 PM

Broke out!!!
Already riding since 12 hrs ago at the bottom of the falling wedge