TradingView
Kroesmeister
Jun 24, 2019 2:10 PM

BTC; ascending triangle or retrace into golden pocket? Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Bitcoin made a nice impulse up since last analysis and is currently drawing in an ascending triangle (bullish pattern)
Eventhough an ascending triangle is a bullish pattern we always need to take a break-down into account.

scenario 1:
break up from ascending triangle

- long on the break up
- target 12845

scenario 2:
break down from ascending triangle

-long the golden pocket zone
- target as indicated on the chart
More