Bitcoin in Triangle formation.
Updated
Bitcoin - Short term - We look to Buy
Previous resistance, now becomes support at 11300.
The RSI is trending higher.
We look to buy dips.
Short term bias is mildly bearish.
A break of yesterdays high would confirm bullish momentum.
Price action has continued to range within a triangle formation.
The bias is to break to the upside.
Our profit targets will be 11579 and 11682
Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100
Signal Centre
Previous resistance, now becomes support at 11300.
The RSI is trending higher.
We look to buy dips.
Short term bias is mildly bearish.
A break of yesterdays high would confirm bullish momentum.
Price action has continued to range within a triangle formation.
The bias is to break to the upside.
Our profit targets will be 11579 and 11682
Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100
Signal Centre
Trade active
Related publications
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.