BTCUSD: Too early to celebrate?
Probably Bitcoin is designing a descendent triangle.
Bitcoin gained 8% today, touching the upper side of the triangle. Break of this level could sustain the bullish development of the trend and "destroy" the geometric pattern. However, retracement over today's session will probably cause the test of lower support areas until the base of the triangle.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Bitcoin gained 8% today, touching the upper side of the triangle. Break of this level could sustain the bullish development of the trend and "destroy" the geometric pattern. However, retracement over today's session will probably cause the test of lower support areas until the base of the triangle.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
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