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VasilyTrader
Nov 30, 2023 7:21 AM

BITCOIN (BTCUSD) Waiting For a Bullish Signal ₿ Long

Bitcoin / United States DollarCoinbase

Description



Bitcoin is testing the upper boundary of an ascending triangle formation on a daily.
In an uptrend, such a pattern is a very strong bullish formation.

Its neckline breakout - a daily candle close above 38500 - will give you a strong bullish confirmation.

A bullish continuation will be anticipated to 39900 then.

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Comment

Breakout is now confirmed, traders!
Comments
World-forex-traders
World-forex-traders
Good 😊 Idea 💡
VasilyTrader
RLinda
Bitcoin is bumping into a strong limit resistance, which was still laid in 2021-2022. But since the market is now supported by a strong enough fundamental factor, we see the formation of an ascending triangle.
False breakout and absence of fall only confirms that the market is preparing to break 38000 and further growth
VasilyTrader
@RLinda, you are definitely smarter than anyone else here
VasilyTrader
Wait for a bullish breakout of the neckline, it will be your strong bullish confirmation
DemoDiaryFX_Trading
@VasilyTrader, yes, agree with this!
TraderAmin-KZ
👌🙏
EMA_Trading
Good work.
DemoDiaryFX_Trading
great job!
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