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BTCUSD - Triangle Formation

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BITFINEX:BTCUSD   Bitcoin
BTCUSD

Bitcoin has been trading inside the triangle since the top seen on June 26th.
The base of the triangle is also the main uptrend that has been playing as a support since the bull run started back in April.

We can see and bullish hammer candle in the base of the triangle in the Daily and even more clear on the 4H timeframe which bounced right in EMA100.

Good oportunity for a long position targetting the resistance at 10800
Dagangan ditutup: sasaran tercapai:
We took profits and will see what happens at the resistance level at 10800
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.