By TradeStation Crypto
Bitcoin is hitting a two-month high today as it breaks out of a tight bullish triangle that formed in the last week. But now that it's moving and MACD is ramping, how far can it go? Let's go to the triangle on the weekly chart:
The drop between late June and mid-November brought BTCUSD from $13,880 to $7,146. A basic technique of technical analysis is to calculate the difference, which is $6,734. You then add it to the breakout level of $8,000. The result is a possible move toward $14,734.
It's also interesting that altcoins like
Ethereum and 
Litecoin are outperforming Bitcoin today. We haven't seen that kind of relative strength for most of the last two years. If it continues, it may help confirm the strength in the crypto space.
Bitcoin is hitting a two-month high today as it breaks out of a tight bullish triangle that formed in the last week. But now that it's moving and MACD is ramping, how far can it go? Let's go to the triangle on the weekly chart:The drop between late June and mid-November brought BTCUSD from $13,880 to $7,146. A basic technique of technical analysis is to calculate the difference, which is $6,734. You then add it to the breakout level of $8,000. The result is a possible move toward $14,734.
It's also interesting that altcoins like
Ethereum and Litecoin are outperforming Bitcoin today. We haven't seen that kind of relative strength for most of the last two years. If it continues, it may help confirm the strength in the crypto space.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.