Bitcoin - beautiful chart on daily - watch-out for a breakout

in #bitcoin • 6 years ago

Beautiful pattern forming for BTCUSD. We can clearly see Bitcoin moving within the symmetrical triangle and also buncing from 50D moving average consistently. Watch out for a breakout at either end for bigger moves.

But as it is taking strong support on 50D MA, there is higher probability of it breaking upwards rather than downwards.

If it breaks downwards, we can see 9k level. On upside breakout, there is a minimum move to 25k possible. Cheers!!!

#charts #technicalanalysis #cryptocurrency #money
6 years ago in #bitcoin by
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     6 years ago 

    Nice symmetrical triangle pattern!! thankyou!!

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