Faibik

Bitcoin | Ascending Triangle & Bearish Divergence..!!

Long
BYBIT:BTCUSD   Bitcoin / U.S. Dollar
#BTC #Bitcoin (Update)


On 13th July, "HASH RIBBON" indicator Printed Buy Signal & After that Bitcoin Increased +28% So far in 30 Days (Not Bad at All)

In 1D Time frame, Bitcoin Has been Forming Ascending Triangle Pattern.

According to Triangle Formation, I'm Expecting that Bitcoin Will Remain Stable inside the Triangle (Consolidation) for Next Few Days (8-12 Days)

At the Moment, 12k Acting As Strong Resistance & Trendline of Triangle Acting As Support.

In Case of Triangle Upside Breakout, Next Stop Would be Around 13k Area. & If Triangle Broken Downside, Bitcoin Might test the 10.6-10.8k Area .

RSI ( Relative Strength Index ) Indicator Printing Bearish Divergence As Well πŸ‘€



FYI, There is a Unfilled CME gap as Well in 9645-9925 Range.





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Comments

Nice chart! thanks man
Reply
Faibik plancton0618
@plancton0618 thanks for appreciation
Reply
what does CME gap mean exactly?
Reply
dralerte FindTheSun
@FindTheSun Ask GOOGLE and DYOR.
Reply
Faibik FindTheSun
@dralerte nice πŸ˜„
Reply
@Faibik, that's not nice and not even funny in the slightest bro, of course i can google and dyor, but TV is a community and we are ought to foster discussion and collaboration, it's not a battlefield, it's a fellowship. wake the heck up people πŸ˜ŽπŸ‘ @dralerte if you can't help, pass it on and don't answer. HAVE A GREAT TIME, Y'ALL πŸ‘
Reply
NIGHT_NIGHT_5 FindTheSun
@FindTheSun There is no trading for cme on the weekend. This developes a gap on the charts!
+1 Reply
FindTheSun NIGHT_NIGHT_5
@NIGHT_NIGHT_5, thanks for a quick answer bro, just what i was looking for. cheers πŸ‘
Reply
Thank you.
Reply
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