Possible bottoming Triangle forming on Bitcoin $BTC

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Mar 18, 2020 3:56 PM

Bitcoin has started to form a symmetrical triangle on the 4 hour Heikin Ashi chart. Anticipating a break up for a potential long to 7k

Trade closed manually

⋅ Mar 20, 2020 6:32 PM

Closed 6370. Would be potentially interested in longing flipped support.

Comments

UnknownUnicorn3204891

⋅ Mar 18, 2020 5:45 PM

The RSI is moving up with the price moving sideways = weakness. Commodities like gold silver getting wrecked right now due to fear bitcoin will follow. A similar RSI setup from feb 26 to mar 6

UnknownUnicorn3844238

⋅ Mar 20, 2020 6:32 PM

@zejayt, I guess not.