MidasTouchConsulting

Bitcoin continues to run into a triangle.

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin             continues to run into a triangle.
Initially I thought it would be an ascending triangle , but now it looks more like a symmetrical triangle. That would lower the probability for a breakout to the upside as a symmetrical triangle can break up in both directions.
But so far Bitcoin             continues to behave bullish here and we should get a decision rather soon as we are reaching the angle of the triangle.
A bullish breakout would be confirmed by a daily close above $445. A bearish breakout instead would be confirmed with a close below $395.
To make sure that a winning trade does not turn into a looser we are moving our stop towards $382.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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