basictradingtv

Bitcoin -> Symmetrical Triangle Break

شراء
BITSTAMP:BTCUSD   بتكوين
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the $33.000 area.
You can also see that the past three weeks there was literally no movement in Bitcoin price so I am now just waiting for the market to pump another 15% towards the upside before then rejecting the resistance area.

On the daily timeframe you can see that Bitcoin has been forming a quite nice symmetrical triangle over the past couple of days so I am now just waiting for a breakout and then I simply do expect more continuation towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:

👇Learn how to swing-trade👇

www.basictrading.net/elite-program

- - - - - - - - - - - -

Keep your long term vision.
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.