CryptoTraderMark10

Potential ascending triangle...

BITSTAMP:BTCUSD   Bitcoin
4hr forming a POTENTIAL - certainly not yet confirmed - ascending triangle that would have a measure move up to the 11.4k area. Need to break 10k, though, to confirm it, and at the moment we are much closer to invalidating it. All it would take is a 4hr candle close under 9600 to invalidate it and then we are likely headed back down to lower 9ks at least, if not much lower. Higher time frames have mixed signals right now. Weekly close was potentially very bullish but also depends on how you are drawing the giant symmetrical triangle top trend line.

Cheers and happy trading

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