transcendex

BTCUSD Daily Consolidation

BITSTAMP:BTCUSD   Bitcoin
Some solid price action for the BTCUSD daily chart as it is currently within a triangle pattern. We should expect buying and selling opportunities following the break of the pattern. If we see the break of the nearest resistance level, we should look to BUY and TP within the highlighted resistance areas. If price breaks the triangle support we should look to sell and TP within the highlighted support areas. Good luck :)
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.