Bitcoin and the Potential Breakout Approaches
The Bitcoin Symmetrical Triangle gathers pace and we are heading closer and closer to decision time. We now have enough touches of resistance and support to be happy that the pattern is what it is.
Coupled with decreasing volume and voila, the triangle is born.
April 2nd would be a textbook day to get this breakout up or down, so keep an eye for it happening between the 2nd and 4th April.
Targets are 8200 to the upside and 4800 to the downside.
Keep it simple, wait for a 4hour candle to breakout of the resistance and then a new candle breaking the high of the breakout candle.
Coupled with decreasing volume and voila, the triangle is born.
April 2nd would be a textbook day to get this breakout up or down, so keep an eye for it happening between the 2nd and 4th April.
Targets are 8200 to the upside and 4800 to the downside.
Keep it simple, wait for a 4hour candle to breakout of the resistance and then a new candle breaking the high of the breakout candle.
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