BitcoinLong
BTC Triangle pattern
On the daily chart bitcoin is clearly in a huge ascedning triangle. The A and B points are set so we know the breakout target will roughly be 105k.
Pretty cool how well price is currently respecting the triangle and trying to stay within it.
Think the C and D points shift to different lows/highs and this triangle expands which will be more bullish allowing price to breakout farther away from the apex
Pretty cool how well price is currently respecting the triangle and trying to stay within it.
Think the C and D points shift to different lows/highs and this triangle expands which will be more bullish allowing price to breakout farther away from the apex
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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.