Symmetrical triangle pattern on btcusd

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is forming a symmetrical triangle pattern on 4h candles, which is yet to break. If a bullish break happens, price could reach $14,500, while a bearish break could take the price to $8,000, according to the pattern. Wait for the the break and be careful if price reach the $13,000 or the $9,500 zones, because there are important support/resistance levels there.
Probaby bearish seeing how the 1W MACD turned bearish for the first time in a long time.
jfabian528 AkameMurasame
@AkameMurasame, yep, agree
@jfabian528, Correct. It is breaking down right now
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