BitcoinLong
BITCOIN Long Position, Ascending Triangle
Updated
Hi, Bitcoin vs. US Dollar moves in Ascending Triangle.
In uptrend it means that price should breakout Resistance Line (17193) and move to 1.272 Fibonacci level (18400), than price should retest Resistance Line (17193) and bounce from it to 1.618 Fibonacci level (20000).
On Stochastic RSI i see Falling Wedge Pattern, so it should move to 80 level very soon.
Use entry-target-stoploss as shown on Long Position.
Good luck with your trades.
In uptrend it means that price should breakout Resistance Line (17193) and move to 1.272 Fibonacci level (18400), than price should retest Resistance Line (17193) and bounce from it to 1.618 Fibonacci level (20000).
On Stochastic RSI i see Falling Wedge Pattern, so it should move to 80 level very soon.
Use entry-target-stoploss as shown on Long Position.
Good luck with your trades.
Trade active
Trade active
Note
Stoch RSI Trade active
Note
Breaking resistance lineTrade active
We should fix above resistance line 17193 and move to new highTrade active
Today Bitcoin more popular than Beyonce and Tailor Swift...Trade active
Trade active
Trade active
Trade active
Trade closed: target reached
Trade closed: target reached
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.