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binyagoub
Sep 1, 2018 3:21 AM

BTC in Symmetrical Triangle to 7400 

Bitcoin / U. S. DollarKraken

Description

As you can see from 4Hr chart of BTC, it is moving in a symmetrical triangle. We are heading to test 7100 again after we could not breakthrough two times previously in the recent up trend. We hope this time we will be able to have a breakout through 7100 level. If this happens then we expect to hit 7400. Below is one expected scenario.

Comment

As proposed via technical analysis, we are moving with steady steps towards 7400.
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