BITCOIN ASCENDING TRIANGLE BREAKOUT TARGET 38K+!
Updated
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Bitcoin is consolidating in an ascending triangle after the rally off of 28.8K, if we get a break and close above 35.5K with strong volume, price is likely to rally to 38K+.
If price breaks down, then potentially looking for a long at the 200MAs at 34-34.5K, depending on where the 200MAs are at by the time price reaches them.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
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As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Bitcoin is consolidating in an ascending triangle after the rally off of 28.8K, if we get a break and close above 35.5K with strong volume, price is likely to rally to 38K+.
If price breaks down, then potentially looking for a long at the 200MAs at 34-34.5K, depending on where the 200MAs are at by the time price reaches them.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Note
Breakout rallying quite nicely
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