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HyperAlphaPro
Dec 8, 2020 10:40 AM

Bitcoin, currently in a triangular convergence pattern... Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin, currently in a triangular convergence pattern, is waiting for an upward or downward breakthrough.

It is expected that the probability of bullishness is high. It may directly break the triangle upwards and stand above $20,000 and then continue to rise, or the orange path as shown in the figure, first fall and break the triangle, then fall back to the longer trend line below, in the upward chart broken.

Comment

Pull up "Stop Loss Line" above entry price (protection profit to prevent the market from falling into a loss of money), mabye 21000-21600, and the take profit can be adjusted upward to between 23000 - 23600.

Trade closed: target reached

Target Reached 23600
Comments
forexboat
Looks promising.
HyperAlphaPro
@forexboat, Thanks for complement.
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