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Manjyot

Bitcoin at the edge of a Triangle. Can we see 36K zone break now

Long
Bitcoin (BITSTAMP:BTCUSD)  
Manjyot  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD BTCUSDT BTC Bitcoin (Cryptocurrency) bitcoinidea bitcoinforecast btcusdidea btcusdforecast btcusdanalysis
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trendanalysis chartpattern waveanalysis btcusd btcusdt btc bitcoin bitcoinidea bitcoinforecast btcusdidea btcusdforecast btcusdanalysis
As shown on the chart, Bitcoin is moving in an ascending triangle.

Thankfully so far on a weekly timeframe, EMA 50 is support the price and lets hope it continues to do that for this week itself.

It it Bitcoin manages to stays above Weekly EMA 50 then there is a good chance that it will retest 36K zone and might even break.

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