BTC/USD Ascending Triangle & MA (50)
Bitcoin is currently in a Ascending Triangle formation.
If bulls take control then we will see BTC jump to 7030 $.
Bitcoin has also recently crossed the MA (50). Watch if BTC uses this as support.
If BTC breaks out of the ascending triangle and reaches out target 7030$ change stop loss to 6850$ and watch further price action
If BTC fails to breakout and goes below the moving average then we will have to wait for it to test 5800$.
Where do you think the price is headed?
Leave a comment with a chart and let's share your thoughts,
Please, leave a like. I'd really appreciate it.
If bulls take control then we will see BTC jump to 7030 $.
Bitcoin has also recently crossed the MA (50). Watch if BTC uses this as support.
If BTC breaks out of the ascending triangle and reaches out target 7030$ change stop loss to 6850$ and watch further price action
If BTC fails to breakout and goes below the moving average then we will have to wait for it to test 5800$.
Where do you think the price is headed?
Leave a comment with a chart and let's share your thoughts,
Please, leave a like. I'd really appreciate it.
Trade closed: stop reached
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.
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.