BTCUSD, Big Picture Analysis Part#2 (the bearish end?)
hey traders, BTC has been consolidating, creating a triangle pattern. It has to be broken at 30053 and then continuously we should see how the next resistances might be broken, first bouncing between them and then breaking out the resistances. To confirm the uptrend, Keep in mind how the prices should be stopped on the resistances and the break up the resistances that I have plotted in the chart. Otherwise, we might stay bearish for a while. Also, don't forget the Pivot Point level, the prices should stay on the pivot point level.
Related publications
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.