✴️ BinaryX Short-Term Move Mapped, Bitcoin Double Up (111%)

Dec 25, 2023

Let's look at a short-term move based on a simple chart pattern and several classic signals.

BinaryX vs Bitcoin | BNXBTC

— We have a descending triangle as consolidation already breaking bullish.
That's the pattern.

— Rising volume.
— Trading daily above EMA10 and EMA21.
— Bullish RSI.
— Altcoins market bullish.
These are the classic signals.

All these support a bullish move in the coming days; maximum a week or two.

— The orange line at the bottom can be used as support/stop-loss.

Make sure to do your own research and planning before trading.
This is not financial advice.

This is chart reading/technical analysis.

Namaste.