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Tecnologia_Financiera
Jan 29, 2018 2:11 PM

Symmetrical triangle pattern on btcusd 

Bitcoin / U.S. dollarBitstamp

Description

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.
Comments
Attrition
Probaby bearish seeing how the 1W MACD turned bearish for the first time in a long time.
mnlsnk999
@AkameMurasame, yep, agree
Tecnologia_Financiera
@jfabian528, Correct. It is breaking down right now
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