Long

BTC/USD Triangle Pattern on 1d?

Updated

Still waiting for breakout past 12k resistance. Lets see what this new week looks like.

Note

Bounced from upper limit of triangle pattern.
On GDAX there is a large buy wall at 10k. If it breaks we might see a larger bear pressure develop.

The previous year showed similar pattern of a dip at end of feb and bounce mid march followed by massive sell of after the ICO craze back in May/June 2017, and BCASH hardfork. It was the same in 2016 too but for different reasons I suppose.

Lets see how this year turns out.

Cheers

CryptoMARC07

Also on:

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.