ElCryptonico

BTCUSD - Triangle Formation

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BITFINEX:BTCUSD

Bitcoin has been trading inside the triangle since the top seen on June 26th.
The base of the triangle is also the main uptrend that has been playing as a support since the bull run started back in April.

We can see and bullish hammer candle in the base of the triangle in the Daily and even more clear on the 4H timeframe which bounced right in EMA100.

Good oportunity for a long position targetting the resistance at 10800
Trade closed: target reached: We took profits and will see what happens at the resistance level at 10800

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