Bitcoin: Triangle Chart Pattern and New Trade Signals

The price is moving sideways in the borders of a triangle chart pattern. We have a consolidation period, which will be changed by a new price movement.

I expect to see a breakout below the bottom line of the triangle. It will give a bearish signal with the targets at SMA100 and SMA200. The support zone at 10 000USD will be good for a reversal signal and opening long positions. MACD and RSI are bearish and support a possible downward movement. DMI is bearish as well.

If the price breaks the upper line of the triangle and moves above 12 000USD, it will be a bullish signal. The buyers will confirm their interest in pushing the price upward. The uptrend will be continued with the profit targets at 14 000USD and 16 000USD.

This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
📣 Get PREMIUM Stuff for FREE!!!

You will get:
✅ Trading Alerts
✅ Money Management Course
✅ Trading Psychology Course
✅ Trading Strategies
✅ Mentorship Program
✅ Bonuses from Sponsor

Join 👉 http://bit.ly/36jZ00kM


Good job I like it
Thanks for sharing
Nice work!
Looks like it has a hard time breaking through the 12K resistance.
Following this closely. Could be big move up or down.
Spasibo za rabotu :) Thank you for work.
good idea.Excellent
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out