Dear traders,
as you can see on the chart bitcoin is in a triangle.
The end coming soon, will it break down or up?
if it break down it will hit the ema 21(apr. 8500), if it bounce bitcoin will be bullish
if it not hold we will go support (apr. 7000)
Rsi is now low, so i think we will go up to top triangle(apr. 11000) where we will have a rejection.
So 11000 will be a good short.
Good Trading,
Hans
as you can see on the chart bitcoin is in a triangle.
The end coming soon, will it break down or up?
if it break down it will hit the ema 21(apr. 8500), if it bounce bitcoin will be bullish
if it not hold we will go support (apr. 7000)
Rsi is now low, so i think we will go up to top triangle(apr. 11000) where we will have a rejection.
So 11000 will be a good short.
Good Trading,
Hans