Bitcoin Ascending Triangle Can Hit $9500+ Next

Updated

Bitcoin (XBTUSD) is now trading within an ascending triangle and showing a strong/bullish chart... Let's take a quick look:

Consolidation has been strong with prices staying always above EMA10. We remain bullish above EMA10 ($9105).
The ascending triangle pattern is a bullish pattern, so more strength for the bulls.
The MACD is bullish and the RSI strong.
Trading volume is really low... On a bullish cycle, we can take this as a continuation signal, prices can jump here without volume.

WARNING... Conditions for change
If prices for XBTUSD move and close below EMA50 ($8991), the above signals become invalid.

This is not a piece of trade advice.
This is not financial advice.

All of our trades are clearly marked and contain buy-in, targets, stop-loss, and additional information.

Here you can see an example of how one of our FULL trades look like: XBTUSD | 136% (scroll down to see it)

Bitcoin Higher Low, Bounce In-Play | Next Target Mapped

Thanks a lot for reading.

Namaste.

Note

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Note

New update after the DROP

Bitcoin EMA50 Big Rejection, Bears Take Lead, More Red or Green?

AlanSantana

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