Bitcoin continues to run into a triangle.
Bitcoin continues to run into a triangle.
Initially I thought it would be an ascending triangle, but now it looks more like a symmetrical triangle. That would lower the probability for a breakout to the upside as a symmetrical triangle can break up in both directions.
But so far Bitcoin continues to behave bullish here and we should get a decision rather soon as we are reaching the angle of the triangle.
A bullish breakout would be confirmed by a daily close above $445. A bearish breakout instead would be confirmed with a close below $395.
To make sure that a winning trade does not turn into a looser we are moving our stop towards $382.
Initially I thought it would be an ascending triangle, but now it looks more like a symmetrical triangle. That would lower the probability for a breakout to the upside as a symmetrical triangle can break up in both directions.
But so far Bitcoin continues to behave bullish here and we should get a decision rather soon as we are reaching the angle of the triangle.
A bullish breakout would be confirmed by a daily close above $445. A bearish breakout instead would be confirmed with a close below $395.
To make sure that a winning trade does not turn into a looser we are moving our stop towards $382.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.