Bitcoin update 16/08/2019
Updated from the previous post 10 days ago. Bitcion price into Triangle Pattern. A simple trading strategy is Break out which way to trade that way
Price. If the price breaks down below, there is a chance to test the first support at 7000.
Price. If the price crosses the top triangle, the first line is 14000.
Currently, the price of btc not Break support around 9500-10000.
If the price does not pass 12000 There is a chance that the price will enter the Triangle pattern.
Therefore, anyone still holding on to hold on if going through 12000 can already test the resistance at 14000
The likely trend is to go down.
Anyone holding before should sell back the capital.
If breaking through 9500, the next support is at 7000 and 5000 respectively.
support 10000$
Stretegy : hold the support > Let profit run
Target 20000$ if strong bullish trend
The price has resistance at 10,000 $. If the price does not fall off this support line Continue to make profits The remote target is $ 20000 if there are signs of adjustment. Suggest to withdraw the capital first. The remaining profit may be selected for further profit.