BITCOIN READY TO BLOW? UP OR DOWN?
Bitcoin has been stuck in the green triangle for quite a while, a breakdown is imminent but will it be up or down?
Within the huge green triangle, there is a small rising wedge( white lines) which is usually a bearish indicator,but we are in a bull market so it may break to the upside. If this small wedge breaks up our target will be the resistance line of the green triangle and if it breaks down or target would be the green triangle support line.
The green rectangles show the support/resistance zones.
Within the huge green triangle, there is a small rising wedge( white lines) which is usually a bearish indicator,but we are in a bull market so it may break to the upside. If this small wedge breaks up our target will be the resistance line of the green triangle and if it breaks down or target would be the green triangle support line.
The green rectangles show the support/resistance zones.
Trade active
Bitcoin broke out of the ascending wedge towards the downsideTrade active
Broke out of the big triangle
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