Bitcoin Triangle Formation
Hi buddies
As can be seen from the chart, Bitcoin has been forming a triangle pattern since June. In such circumstances it has two option: if it breaks the upper edge and passes the 11000$ level successfully it will reach a peak around 13K price area. On the other hand, if it breaks the lower edge it will see 7500-8000$ and get support there for further decision.
Good Luck ...
As can be seen from the chart, Bitcoin has been forming a triangle pattern since June. In such circumstances it has two option: if it breaks the upper edge and passes the 11000$ level successfully it will reach a peak around 13K price area. On the other hand, if it breaks the lower edge it will see 7500-8000$ and get support there for further decision.
Good Luck ...
Trade closed: target reached
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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.
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.