BTCUSD [Logarithmic] Showing Signs of Exponential Growth
Looking at the logarithmic chart, bitcoin just broke out of a massive triangle formation which started around January 2019.
If BTC breaks below its newly formed support then we might see it trend along the 4/1 angle.
However, if BTC maintains momentum we'll see it trading along the 3/1 angle and hitting its head against the 2/1. Let's just hope volume and liquidity don't dry up.
Thanks for taking the time to read this.
Nothing is random.
Stay profitable.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
If BTC breaks below its newly formed support then we might see it trend along the 4/1 angle.
However, if BTC maintains momentum we'll see it trading along the 3/1 angle and hitting its head against the 2/1. Let's just hope volume and liquidity don't dry up.
Thanks for taking the time to read this.
Nothing is random.
Stay profitable.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Trade active
Comment:
Bitcoin broke below 3/1 support. The 4/1 angle is now the new support level
Comment:
Bitcoin trading nicely above the 8/1 angle. Will it break below or rise to touch the 4/1
