SIMON_G

BTC/USD - Triangle has formed, what next?

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hey guys, according to my last analysis BTC did not breakout above the 8000 USD mark as we wanted. Despite a lot of positive news these past few weeks, BTC has slowed down slightly only to make a gentle pushback. A triangle has formed which will give us an idea of where we are heading. If we fall below the bottom line of the triangle I expect we will fall all the way down to 6000 USD. I do not expect this to happen. The chart signs are still Bullish . However i do expect that it will take till the end of August to break out from the triangle. Till then keep a close eye, add stop losses if you want to according to the lines and remember, DYOR! Happy Trading!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter