Bitcoin forming an ascending triangle
tradingview.com/x/GZwp7hQA/
Today Bitcoin had a small rally so my previous expectations changed. If the 38500 resistance holds, it can draw an ascending triangle that will end in about 2 days. The end of the triangle meets the long term descending trendline roughly. There a powerful breakout is likely, possibly to the down, but I'm not 100% sure, so I might wait with any trade until the direction is confirmed.
Today Bitcoin had a small rally so my previous expectations changed. If the 38500 resistance holds, it can draw an ascending triangle that will end in about 2 days. The end of the triangle meets the long term descending trendline roughly. There a powerful breakout is likely, possibly to the down, but I'm not 100% sure, so I might wait with any trade until the direction is confirmed.
Comentarios:
Well 38500 did not hold, that's more bullish than I expected. Buying dips can be a good strategy after testing/breaking the trendline resistance.