Bitcoin - Global Triangle

10 Haz 2020

1. Downtrend channel (Red)
2. Uptrend channel (Blue)
3. These two channels formed a triangle
4. The price is near the top line of the triangle and is trying to break up during May (for the third time, before that it happened = July 2019 and February 2020).
6. On the volume profile, the gap is clearly visible in the zone of 4000-6000.

If Bitcoin can fix above the triangle, this will become a very strong buy signal with a growth potential to the average upward channel (13000-14000). This zone will be the beginning of a new bullish trend and update ATH (peak 19k).

10 Haz 2020

Not

Best regards EXCAVO