BTC - Strong Symmetrical Triangle - RSI bullish divergence Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 22, 2019 1:13 AM

BTC has been trending in this symmetrical triangle since mid-June. The support line has been respected since early April, being a previous resistance.

BTC is showing early signs of bounce from this support line once again. RSI has formed a higher low which shows bullish divergence.

I am long and targeting near the top of the triangle, around $11250.

Comments

transparent-fx

⋅ Aug 22, 2019 1:32 AM

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Bullandbeartrading

⋅ Aug 22, 2019 9:28 PM

Solid rr.