Bitcoin
Long

The Symmetric Triangle is Ready to Burst... Leaning Up

1485
This pattern can really move in either direction so call it a guess, a hunch or just unrealistic optimism, but looking for a breakout back to the horizontal resistance / 50-day SMA of $255, then with luck maybe even the 200 day.

Bitcoin has had a rough year and even if this is a temp relief rally and we make the ultimate lows in the summer, some positive signs are badly needed for the space.

Check out the latest Analysis articles here:
cointelegraph.com/news/113453/bitcoin-price-analysis-week-of-feb-9-tough-decisions
cointelegraph.com/news/113408/bitcoin-price-analysis-week-of-feb-2-trend-change-part-ii
cointelegraph.com/news/113365/bitcoin-price-analysis-week-of-jan-26-spotting-a-trend-change

Good luck traders, I usually tweet these out instead of publishing, still trying to figure out the best way to reach readers/followers.

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.