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BTCUSD (8h): Rising triangle. Fast chart for in-between ;-)

499
Rising triangle (trend following pattern) ... More Up possible.

Rest on the chart.

The rising triangle can be seen as good trend-following pattern. If it is confirmed, usually further upward trend movements could be expected.


Let's see what happens. Happy trading. :-)
Note
break out of the the triangle.

snapshot
Note
symmetrical triangle pattern possible too. the expecting support points shown at the chart.

snapshot
Note
close up of the current situation. because btc remains at the resistance for a while, this shows us strength and consolidation.

snapshot
Note
be watchful. we are coming to the first strong resistance and selling zone.

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Note
resistance reached ...

snapshot
Note
be careful. correction will come. max. 5800.

snapshot
BTCINVESTING
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BTCINVESTING 😃
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Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years



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Also on:
Bitcoin (Cryptocurrency)bitcoinforecastbitcoinusdBTCBTCUSDBTCUSDTTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bitcoin (Cryptocurrency)bitcoinforecastbitcoinusdBTCBTCUSDBTCUSDTTrend Analysis
BTCINVESTING
-



---
BTCINVESTING 😃
---

Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom

Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years



-
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.