Breaking the Triangle! BTC is going up
Updated
Earlier today, BTC broke the standoff for and headed north for the short-term. Will this be an early indicator of a reversal? My guess, yes in the medium term.
Looking at the recent history, Bitcoin is facing strong support at ~10000 level and strong resistance at ~12700. We will expect BTC to travel in between this interval for the next week. A violation at 12700 will indicate the end of the bearish market starting from the end of 2017.
Looking at the recent history, Bitcoin is facing strong support at ~10000 level and strong resistance at ~12700. We will expect BTC to travel in between this interval for the next week. A violation at 12700 will indicate the end of the bearish market starting from the end of 2017.
Note
Let's get on the train and patiently wait for the price to hit 12700 before BTC makes its next big move.
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.