TradingView
TommieV
Oct 15, 2020 5:45 AM

Symmetrical triangle Long

Bitcoin / US Dollar IndexBitMEX

Description

Daily forming an small symmetrical triangle.

Target long 12000
Target short 10800

Ascending support @ 11340-11360
Descending resistance @ 11450-11470

At this point in my opinion there is an bigger chance that this breaks up . We came bullish into this symmetrical triangle, usually the way it comes in it goes out.

Comments
TommieV
Maybe an fake break down happened, btc broke ascending line on daily and on the 4h, didn’t followed up with an dump.
If btc can get back up 11360 we could see an test or break of the descending line currently @ 11440-11460
More