trading plan for bitcoin: ascending triangle in up trend
Updated
hey traders,
on bitcoin dollar pair the market has violated a bearish trend,
and established new bullish trend.
after a strong buying wave,
the market contracts and consolidates in an ascending triangle.
on financial markets contraction always leads to expansion.
analyzing a price action inside a triangle we can notice,
that after each test of the 5200 resistance,
fewer and fewer sellers push the market down.
your trading plan for bitcoin is to wait and buy bull breakout of a resistance line,
with target based on the triangle base range.
good luck!
Note
trading inside the triangle
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