BTC Ascending Triangle Bullish move to 13,7K
After breaking sideways out of 2 rising wedges and maintaining price BTC has is forming an ascending triangle with a potential breakup and return to 14K. Heavy resistance is found on the 4hrly around 13,7k and previous support below at 12,9k has been robust, hence the intermediate target. RSI building strength moving into bullish zone and some slight hidden bullish divergence on Stoch RSI (not shown). Based on classical charting, targets are A and B for Bitfinex traders. Happy weekend
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Breakout has failed to break resistance at $12,8K and is showing signs of reversal, potential drop to support C before decision time
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High potential *Note
BTC rising wedge, short signal on 4hr
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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.