Bitcoin breaks up the triangle with good volume and today's candle can define its upside possibilities
we'll see
Days ago I analyzed a possible triangle in break. Analyze the 2 possibilities.
I leave you the link in case you want to see the whole analysis
Which was broken up with good volume but that day's candle ends without defining a trend, making it clear on the next candle that it rests on the triangle and bounces higher.
Bitcoin today
If Bitcoin exceeds 22,000 dollars, it would give more strength to the impulse.
If it maintains 20,800 at the end of the day, it suggests that the movement to 25,000 of the triangle analyzed days ago is still possible.
The target of 25,000 is coinciding with the line of 50 periods daily chart
What do you think we are facing a bullish bounce or the beginning of a bullish momentum?
Protect your assets use Stop loss
READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
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