Last week was quite eventful for $BITSTAMP:BTCUSD. After breaking out of the two-week-long rectangle consolidation, the price surged, increasing by $10,000 in just a few days, or more notably, around 20%.
However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark.
The positive aspect for bulls is that this consolidation is forming a symmetrical triangle, which typically indicates a continuation pattern.
The target for this pattern is the 67k zone.
In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark.
The positive aspect for bulls is that this consolidation is forming a symmetrical triangle, which typically indicates a continuation pattern.
The target for this pattern is the 67k zone.
In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
Nota
We are very close to an up breakWhat if the price rises above 63k
Nota
And up we broke.As said, the target for the triangle is 67
Nota
So far, all good and as expectedNota
We are approaching the 67k target.This statement reflects my current contemplation and may offer an intriguing perspective for discussion.
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
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.