Bitcoin is likely to break out up to $9.5k.
Hi ,
Bitcoin is clearly forming a triangle pattern with considerable touch points.
Based on academic TA, triangles can be continuing or reversal patterns, BUT in my opinion there are some reasons which make me convinced to be LONG on
BTC in current situation :
-Triangle patterns in uptrend are mostly continuing.
-BTC and Crypto Positive fundamentals,Many good news are popping up every single day.
-Higher volume on swinging high compare to dumps and fast recovery.
-BTC is in uptrend now, and trend is your friend!!
P.S
I am totally new in TA and these analysis are just about sharing the idea and learning purposes. As a result , Take it easy!!
Bitcoin is clearly forming a triangle pattern with considerable touch points.
Based on academic TA, triangles can be continuing or reversal patterns, BUT in my opinion there are some reasons which make me convinced to be LONG on
BTC in current situation :-Triangle patterns in uptrend are mostly continuing.
-
BTC and Crypto Positive fundamentals,Many good news are popping up every single day.-Higher volume on swinging high compare to dumps and fast recovery.
-
BTC is in uptrend now, and trend is your friend!! P.S
I am totally new in TA and these analysis are just about sharing the idea and learning purposes. As a result , Take it easy!!
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