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Raiju_Zeke

BTC Ascending Triangle Bullish move to 13,7K

Long
Bitcoin (BITFINEX:BTCUSD)  
Raiju_Zeke Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Ascending Triangle Bullish Patterns LONG reversal
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trendanalysis chartpattern indicator btcusd btc ascendingtriangle bullish long reversal
After breaking sideways out of 2 rising wedges and maintaining price BTC has is forming an ascending triangle with a potential breakup and return to 14K. Heavy resistance is found on the 4hrly around 13,7k and previous support below at 12,9k has been robust, hence the intermediate target. RSI building strength moving into bullish zone and some slight hidden bullish divergence on Stoch RSI (not shown). Based on classical charting, targets are A and B for Bitfinex traders. Happy weekend
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Breakout has failed to break resistance at $12,8K and is showing signs of reversal, potential drop to support C before decision time
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High potential *
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BTC rising wedge, short signal on 4hr
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