Tecnologia_Financiera

Symmetric Triangle on BTCUSD

BITSTAMP:BTCUSD   Bitcoin
As seen on the chart, there is a symmetric triangle on BTCUSD which is the pair of Bitcoin vs U.S Dollar. In this triangle, we have two options: open a long position or a short position. For the long position we can set a buy stop near 11064 with stop loss near 10380 and take profit close to 12700. For the short position we can set a sell stop at 10350 approximately, with stop loss near 11055 and take profit near 8750.

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