Bitcoin inside an ascending triangle. I am looking for a breakout to the upside to long targeting 4400. In the other hand will not ignore the opportunity of shorting it if it breaks the support and target 3700. Stop losses can be placed under supports or resistances depending in which way it will break out.
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Here we go. Already in profits in this short. Shorted exactly when support got broken. Now will keep an stop loss above this last support and look for 3700 area as a target.
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Waiting to see if 3800 will hold or if 3700 will.
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We might have found a support at 3800. If Bitcoin closes this candle above 4K things might get bullish again and we might test 4200 again soon.
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BITCOIN SHORT TERM UPDATE
Finally a clear pattern on Bitcoin.
We have a pennant here in the short term. Breaking up will lead us to 4200 retest and a possible breakout to 4400-5000.
Breaking down should lead us to another correction to 3600 level
Finally a clear pattern on Bitcoin.
We have a pennant here in the short term. Breaking up will lead us to 4200 retest and a possible breakout to 4400-5000.
Breaking down should lead us to another correction to 3600 level