Bitcoin continues to run into a triangle.
Initially I thought it would be an ascending triangle, but now it looks more like a symmetrical triangle. That would lower the probability for a breakout to the upside as a symmetrical triangle can break up in both directions.
But so far Bitcoin continues to behave bullish here and we should get a decision rather soon as we are reaching the angle of the triangle.
A bullish breakout would be confirmed by a daily close above $445. A bearish breakout instead would be confirmed with a close below $395.
To make sure that a winning trade does not turn into a looser we are moving our stop towards $382.
Initially I thought it would be an ascending triangle, but now it looks more like a symmetrical triangle. That would lower the probability for a breakout to the upside as a symmetrical triangle can break up in both directions.
But so far Bitcoin continues to behave bullish here and we should get a decision rather soon as we are reaching the angle of the triangle.
A bullish breakout would be confirmed by a daily close above $445. A bearish breakout instead would be confirmed with a close below $395.
To make sure that a winning trade does not turn into a looser we are moving our stop towards $382.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.