BTC/USD (Bullish Triangle? Wait for Breakout)
💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin is forming a potential ascending triangle pattern
-We can see a clear flat resistance area around 24k dollars
-It also has an upward trendline of support with the confluence of 50MA
-On the balance of probabilities, this pattern usually breaks to the upside
-But the safest trading approach is to wait for the breakout confirmation
-Because this will increase your trading bias and have a proper stop loss location
⚠️Please always read the description⚠️
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BITSTAMP: BTCUSD
-Bitcoin is forming a potential ascending triangle pattern
-We can see a clear flat resistance area around 24k dollars
-It also has an upward trendline of support with the confluence of 50MA
-On the balance of probabilities, this pattern usually breaks to the upside
-But the safest trading approach is to wait for the breakout confirmation
-Because this will increase your trading bias and have a proper stop loss location
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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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.
Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
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.