Bitcoin Triangle breakout possibility 1H Chart
Updated
Hello guys, this could be a possible bitcoin follow up on 1 H chart, so its a short term trade.
As you can see my marked resistance Zones are:
R1: 6825.7
R2: 7225
I see a triangle pattern there based on strong resistances. Many tests for an upward movment through little spikes, a very bullish sign.
Open up a Long 6653.6
STOPLOSS: 6600
RSI showing strong movements ATM
it could go upwards sooner than expected keep an eys on my marked resistance zones!
As you can see my marked resistance Zones are:
R1: 6825.7
R2: 7225
I see a triangle pattern there based on strong resistances. Many tests for an upward movment through little spikes, a very bullish sign.
Open up a Long 6653.6
STOPLOSS: 6600
RSI showing strong movements ATM
it could go upwards sooner than expected keep an eys on my marked resistance zones!
Trade active
Looks like the B I G red candle is following the triangle!Note
Now let's wait for the next candles.Order cancelled
Target not reached. Huge dump below support zone, good idea that we waited for this one. Next try, next time.
KSC
Related publications
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.