BtC 4H chart creating an Ascending Triangle price action. it is a bullish formation that usually forms during an uptrend as a continuation pattern.
It have 3 or more equal height for a horizontal line at the top 10k .the multiple times a certain level is tested. the more likely it is going to break. we will break next time .
Target would be 10600 $ - 11500$ - 12000$.
In order to qualify as a continuation pattern, an established trend should exist. The length and duration of the current trend is important .
Break above $9950 - expecting $10600 - 11500$ within few days
Break under 9200 will lead us to $8200 where is support of this chart.The full measured move out of the triangle is 2k (up or down)
you will have opportunity to catch amazing day trade/scalp after up or down breakout .Lets see...
Your comments?
It have 3 or more equal height for a horizontal line at the top 10k .the multiple times a certain level is tested. the more likely it is going to break. we will break next time .
Target would be 10600 $ - 11500$ - 12000$.
In order to qualify as a continuation pattern, an established trend should exist. The length and duration of the current trend is important .
Break above $9950 - expecting $10600 - 11500$ within few days
Break under 9200 will lead us to $8200 where is support of this chart.The full measured move out of the triangle is 2k (up or down)
you will have opportunity to catch amazing day trade/scalp after up or down breakout .Lets see...
Your comments?