TradingView
FieryTrading
Dec 8, 2021 3:31 PM

πŸ”₯ Bitcoin: Consolidation Expected - Triangle AnalysisΒ Long

Bitcoin / TetherUSBinance

Description

β‹…
Since the massive drop late last week, Bitcoin has been trading alongside a very important support line. A couple of hours ago, this support held yet again, and we saw a massive reversal from there.

For the coming 24 hours or so, I'm expecting the price to continue moving up. First major resistance will be the top of the triangle. This can potentially cause a reversal back towards the earlier mentioned support. Ideally, we will break out of this triangle and make a push towards the 55k.

Happy trading!
Comments
MadWhale
β‹…
agree
thx bro
πŸŒΉβœ”
JoeChampion
β‹…
Keep on the good work!
Investroy
β‹…
Good chart, my friend
VincePrince
β‹…
Interesting view, thanks for sharing.
Lingrid
β‹…
great chart
DeGRAM
β‹…
You can make money on this
InkyGrip
β‹…
wonderful job my friend! appreciate it 🦐
easy_gz
β‹…
You don’t view it as a possible bear flag?
UnitedSignals
β‹…
I guess we have a similar view on that. Well done!
maryamkhalid1985
β‹…
Plz share zr analysis on compπŸ™
More