shubbs

Current Bitcoin symmetrical triangle points to $50K+ target

Long
BITSTAMP:BTCUSD   Bitcoin
The current Bitcoin symmetrical triangle since the near $42K top and the $30100 bottom looks like sideways motion since within the triangle. Since the direction into this triangle was from lower level, it is likely this triangle will break to the upside and within the next few days. A break at $38K+ projects a target of $50K+.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.