Calvin1232008

Bitcoin ascending triangle pattern

Short
Calvin1232008 Updated   
BITSTAMP:BTCUSD   Bitcoin
Based on my observation from the 1H chart, an ascending triangle was formed which might indicate a possible breakout before the year ends. An entry can be made if breakout is confirmed. However, RSI is currently near overbought but MACD indicator formed some bullish divergence. I'll stay on the sidelines for now.
Comment:
*bearish divergence

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