Bitcoin: The Market Forms a Triangle. New Trade Opportunities!

What if Bitcoin forms a triangle?
We can't say right now that we have such a pattern. But if the market moves downward, it will give us a new local swing high. As result, the triangle pattern will be confirmed.

It will give us the borders for the market movement. A breakout will confirm further direction and give a trade opportunity.

If the price breaks the support line,m it will be a bearish signal. If the price breaks the resistance line, it will be a bullish signal.

How to use these signals, you will have to decide by yourself.

评论:

The triangle was confirmed. It means a breakout above the upper line will give us a bullish signal.

If the price breaks below the support line, it will give us a bearish signal and the main target 6600.00 - 6500.00 support zone.