BITCOIN indecisive movement coming to an end!
The price formed a triangle pattern, showing that not the bulls neither the bears are in control. The trend will be identified when the price breaks out of the triangle.
Long: The price retesting the bottom trend line of the triangle and then breaking out to around $11140 levels. There if the bears don't show any resistance we are heading up to 12000 which will be a tough barrier to break.
Short: The price falling from the triangle would mean that we will get to the 10000 levels that serve as psychological support.
We can see that the RSI is in a slight uptrend idicating on a long position but I would suggest waiting for the candle confirmation on either way from the triangle. Look for great alts in the meantime.
Trade with your own risk
#TradesBySheriff
Long: The price retesting the bottom trend line of the triangle and then breaking out to around $11140 levels. There if the bears don't show any resistance we are heading up to 12000 which will be a tough barrier to break.
Short: The price falling from the triangle would mean that we will get to the 10000 levels that serve as psychological support.
We can see that the RSI is in a slight uptrend idicating on a long position but I would suggest waiting for the candle confirmation on either way from the triangle. Look for great alts in the meantime.
Trade with your own risk
#TradesBySheriff
Trade active:
Breakout! The bulls are in control.
Breakout! The bulls are in control.