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BITCOIN Long Position, Ascending Triangle
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Hi, Bitcoin vs. US Dollar moves in Ascending Triangle.
In uptrend it means that price should breakout Resistance Line (17193) and move to 1.272 Fibonacci level (18400), than price should retest Resistance Line (17193) and bounce from it to 1.618 Fibonacci level (20000).
On Stochastic RSI i see Falling Wedge Pattern, so it should move to 80 level very soon.
Use entry-target-stoploss as shown on Long Position.
Good luck with your trades.
In uptrend it means that price should breakout Resistance Line (17193) and move to 1.272 Fibonacci level (18400), than price should retest Resistance Line (17193) and bounce from it to 1.618 Fibonacci level (20000).
On Stochastic RSI i see Falling Wedge Pattern, so it should move to 80 level very soon.
Use entry-target-stoploss as shown on Long Position.
Good luck with your trades.
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