BitcoinLong
Bitcoin Bullish Ascending Triangle On H1
Updated
Bullish Ascending Triangle is present on this H1 chart as outlined by the Yellow Lined Triangle
Currently in consolidation from a price run up yesterday and now found resistance at the 78.6% Fib level.
Golden Cross on this H1 may take place on the green shaded area. This is the crossing of the Yellow 100EMA over the Red 200EMA, signaling more bullish price movements in the coming days.
If this Ascending Triangle fails, our first line of support is at $9,690 (green broken horizontal ray line)
Remember to always, always place your trailing stops at the appropriate levels.
Be prepared for either scenario.
Happy Trading Everyone.
Ron
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Currently in consolidation from a price run up yesterday and now found resistance at the 78.6% Fib level.
Golden Cross on this H1 may take place on the green shaded area. This is the crossing of the Yellow 100EMA over the Red 200EMA, signaling more bullish price movements in the coming days.
If this Ascending Triangle fails, our first line of support is at $9,690 (green broken horizontal ray line)
Remember to always, always place your trailing stops at the appropriate levels.
Be prepared for either scenario.
Happy Trading Everyone.
Ron
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Note
We have movement to the upside.Warning! Watch out for FU moves.
Place your trailing stops.
Note
Resistance point ahead.
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