BTC looking to break out of a 48 hour descending triangle soon
I took advantage of the chance to grab
BTCUSD
in the low 16k while it lasted
I expect a bullish swing to the upside due to weekend pressure in this historical market
In addition to consolidation on dips the alt coin heros swapping back to BTC at decent prices before the next run.
Keep in mind a bearish break below 16525 and to stop loss for possible retrace to 15k.
If the price breaks above trend line we could easily see a jump to the low 18k this Saturday.
Cheers and good luck from Bruce!
I took advantage of the chance to grab
BTCUSD
in the low 16k while it lasted I expect a bullish swing to the upside due to weekend pressure in this historical market
In addition to consolidation on dips the alt coin heros swapping back to BTC at decent prices before the next run.
Keep in mind a bearish break below 16525 and to stop loss for possible retrace to 15k.
If the price breaks above trend line we could easily see a jump to the low 18k this Saturday.
Cheers and good luck from Bruce!
Comment:
Hi i'm a long time crypto trader and tradingview lurker, but this is my first published idea! Thanks for the read.