Bitcoin ascending triangle.
Here bitcoin is foming a bullush asceding triangle pattern where it cant get past $6850~ and higher lows are being made.
Now, this pattern strongly suggest a bullish move to $7200-$7500 atleast and signals emerging bullish feel in the air.
However, if we see the current mood when btc drops only $100 people get very anxtious or fearfull which may currently halt Bitcoin to move up.
Therefore there is a 40% chance that we break down to the marked support levels. If you already have bought in, use TIGHT STOP LOSSES.
If you havent bought any, you can use stop buy orders on breakout of the rtriangle.
Now, this pattern strongly suggest a bullish move to $7200-$7500 atleast and signals emerging bullish feel in the air.
However, if we see the current mood when btc drops only $100 people get very anxtious or fearfull which may currently halt Bitcoin to move up.
Therefore there is a 40% chance that we break down to the marked support levels. If you already have bought in, use TIGHT STOP LOSSES.
If you havent bought any, you can use stop buy orders on breakout of the rtriangle.
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