BitbullTrading

BTC# 75 -- 25.02.2021 Bullish for BTC! New chart pattern!

BITSTAMP:BTCUSD   Bitcoin
Hello Together,

enclosed as always is my daily update for the BTC price!

We have seen another small consilidation as expected! We also broke out above our resistance this morning and are trading just under $50,500. I have marked you the resistance points on the white line. Here you can see beautifully that BTC has held on to it. Now it appears we have broken out above it and are additionally forming an Ascending Triangle or a giant W Pattern!

The neckline is exactly the same resistance line as our Ascending Triangle! Here it is now important that BTC manages to close a 1h candle above it! Then the price target on an upside breakout would be around our old ATH!!!

Stay healthy!

Your Schueco / BTC Moneymaker

P.s.: Do not forget to Like and Follow, so you do not miss anything more!


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.