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Skyrex
Feb 18, 2018 11:37 AM

BTCUSDT is about to Break out of Triangle Long

Bitcoin / Tether USDPoloniex

Description

Moving averages and Momentum indicates a good moment to buy, the volume is also rising it went above $500 bln. first time during this February. The price reached Fib 0.618 and didn't managed to break through resistance. However price consolidated and bounced from bottom edge of ascending channel near the strong support level of $10000. We expect further volume growth which will bring the price out of the triangle and hence will start a journey to the new ATH.

Comment

This has happened BTC price broke our of the triangle

Trade closed: target reached

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