joemccann

Bitcoin Nearing A Breakout

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Weekly, #BTCUSD.

Bitcoin closed right at the resistance line of the large, YTD, descending triangle which is also the 20 week moving average of $7300.

A breakout of this triangle, and a weekly close above it, could signal the break of the 9 month down trend.
More analysis and setups here:

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