Bitcoin - waiting for the triangle breakout - how to trade
Updated
Dear traders and followers,
the Bitcoin price is in short term sideways movement since beginning of the weekend. Expect bigger volume incoming with US market opening on Monday.
Market going to 12.000 $ area if the current 4 hour candle close above 11800 $. Expect short sellers entering the market near 12.000 $ area because there is strong resistance which has been confirmed already twice. Market goes down to 11.500 $ after a third failed test of 12.000 $. At this area is a good buy entry for middle term.
MACD indicator volume starts turning red and the baselines are short before bearish crossing. This confirms the correction movement to 11.500 $
New update will be published after break and close above 12100 $ on daily chart. Follow us and you won't miss it.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Thanks for your support !
the Bitcoin price is in short term sideways movement since beginning of the weekend. Expect bigger volume incoming with US market opening on Monday.
Market going to 12.000 $ area if the current 4 hour candle close above 11800 $. Expect short sellers entering the market near 12.000 $ area because there is strong resistance which has been confirmed already twice. Market goes down to 11.500 $ after a third failed test of 12.000 $. At this area is a good buy entry for middle term.
MACD indicator volume starts turning red and the baselines are short before bearish crossing. This confirms the correction movement to 11.500 $
New update will be published after break and close above 12100 $ on daily chart. Follow us and you won't miss it.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Thanks for your support !
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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