🔋 Morning Bitcoin update 18th Jan 2021 Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Jan 18, 2021 8:44 AM

Bitcoin awaiting the breakout of the symmetrical triangle/pennant

This is a 'continuation pattern' so as we are are in a macro bull trend then it is statistically more likely to break to the upside

Comments

EasyCharts

⋅ Jan 18, 2021 10:41 AM

I agree, upside seems more probable in this scenario