Bitcoin within ascending triangle pattern - buy on 1H
Dear traders and followers,
welcome to our weekly Bitcoin market update !
the Bitcoin price retraced yesterday from 15800 $ area after positive vaccine results has been published by Biontech.
We´ve spotted a ascending triangle pattern and the market is near support trend line and 15100 $ price support.
A nice short term up move for a third test of 15800 $ is likely to happen within the next 24 - 48 hours.
This pattern is in generell a bullish pattern which is followed by a strong breakout in most of the time.
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welcome to our weekly Bitcoin market update !
the Bitcoin price retraced yesterday from 15800 $ area after positive vaccine results has been published by Biontech.
We´ve spotted a ascending triangle pattern and the market is near support trend line and 15100 $ price support.
A nice short term up move for a third test of 15800 $ is likely to happen within the next 24 - 48 hours.
This pattern is in generell a bullish pattern which is followed by a strong breakout in most of the time.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
