JoseE.Morales

Bitcoin - April 2020 - Neutral position

BITSTAMP:BTCUSD   Bitcoin
The end of month of April will determine if Bitcoin will start a new higher trend ( buy ) or a lower trend ( sell ).
The compression zone (triangle) ends at the end of April. If price breaks below the triangle zone, then expect lower prices for the Bitcoin ( sell positions should be considered - case 2 )
In the contrary, if price breaks above the triangle zone, buy positions should be taken ( case 1 ).
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.