InvestingScope
Long

BTCUSD: Bullish signal on repeated Triangle.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Following the support it found just below 3,700, Bitcoin managed to rebound to 4,100 but failed to sustain a stronger bullish momentum falling into consolidation within a 4H Triangle ( RSI = 52.245, STOCH = 47.818, Highs/Lows = 0.0000). As shown on the chart, that pattern has already appeared in early December and resulted into roughly a -11% decline before the eventual strong bullish sequence that led to 4,384. A similar candle sequence is expected, targeting 4,384 and 4,463.10 in extension.




** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
Subscribe now to our high quality signals service (www.investingscope.com) for live buy/sell opportunities on a variety of financial assets.
I love this analysis and it confirms the drop we are looking at too. We are shorting right now looking for a touch of the support. Great TA!
Reply
NICE chart; head and shoulder?
Reply
Bitcoin broke a triangle and a wedge , why is there no growth? What if a downward wedge is just being formed?

P.S. I accept thanks with likes and comments to the idea!
Reply
I'm feelin' it!

Reply
@nerdy007, Consolidating for the next bullish leg on 4H.
Reply
BTCUSD H1 C UP. Checkout the idea detail's and update's for the complete picture!

Reply
@Boon2, Thanks for sharing boon.
Reply
Boon2 InvestingScope
@InvestingScope, Similar idea's, lets see if it plays nicely
Reply
Guys i want to know ...whether George is giving the data or not.Guys please let me know whether George is still by your side?
Reply
While in the first triangle we entered from the upside, because we had a downtrend, in the second we have uptrend and the price is coming from downside. Doesn't that mean that it's more probable to exit the triangle with breakout toward upper targets if we look for some similarities?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out