Bitcoin - within triangle pattern - targeting 24200 $
Updated
Dear traders and followers,
welcome to today's Bitcoin market update!
The market broke the major resistance at 20.000 $ and is making now new highs.
It´s almost impossible to predict where the price will stop the up move and change the trend from up to sideways or down.
But the market has formed a triangle pattern after a strong up move.
This pattern is usually followed by another up move after a break and close above the triangle pattern.
The target is near 24200 $.
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.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
welcome to today's Bitcoin market update!
The market broke the major resistance at 20.000 $ and is making now new highs.
It´s almost impossible to predict where the price will stop the up move and change the trend from up to sideways or down.
But the market has formed a triangle pattern after a strong up move.
This pattern is usually followed by another up move after a break and close above the triangle pattern.
The target is near 24200 $.
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.
Follow us and stay up to date/ don't miss new ideas
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.
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.