Cryptogreen

BTC: Next stop 17.900's!

Long
BITSTAMP:BTCUSD   Bitcoin
I see BTC forming an ascending triangle, which gives us the probability to move further up. If we take into consideration the hight of the triangle and the trend-based FIB levels, we can assume new target at 17.900 level. RSI also has room to grow in strenght. We may however test the breakout of the triangle first.
Godspeed!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.