Looks like BTC is about to break the triangle equilibrium pattern to the upside, if it does, then the move is probably $500.
There is a psychological resistance line at $8500 before hitting the $8740 price target for the move that could be tricky.
The next resistance beyond that would be the longer term trend line at $9200.
Waiting on confirmation of the break of the pattern to determine direction. A bear break would be a fairly substantial fall.
There is a psychological resistance line at $8500 before hitting the $8740 price target for the move that could be tricky.
The next resistance beyond that would be the longer term trend line at $9200.
Waiting on confirmation of the break of the pattern to determine direction. A bear break would be a fairly substantial fall.
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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.