Long
Triangle forming in $BTC , looks bullish
A triangle is a well known pattern. More often than not it is a continuation pattern which would seem logical in this case. Falling volume while nearing the apex confirms.
Fundamentals would also justify a bullish position, turmoil on the currency markets isn't over yet (look at Brazilian Real for example) and leads people towards Bitcoin.
Fundamentals would also justify a bullish position, turmoil on the currency markets isn't over yet (look at Brazilian Real for example) and leads people towards Bitcoin.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.