BTCUSD (Bitcoin)
Support at 9,096 because of previous resistance and support.
Resistance at 13,882 because of previous resistance and it is a recent high.
Price action is looking to be consolidating and on the way to forming a triangle/flag pattern which means that price squeezes into a tight range then experiences a HUGE breakout!
Looking for either the triangle/flag pattern to breakout to the upside or breakout to the downside depending on where the volume supports the move at.
Predicting that BTCUSD consolidates into a triangle pattern and has a breakout to the upside once it gets above 11,000 and will run up to the next resistance at 13,882.
Want to learn more, then follow me on Youtube and Instagram at The Impeccable Investor.
Support at 9,096 because of previous resistance and support.
Resistance at 13,882 because of previous resistance and it is a recent high.
Price action is looking to be consolidating and on the way to forming a triangle/flag pattern which means that price squeezes into a tight range then experiences a HUGE breakout!
Looking for either the triangle/flag pattern to breakout to the upside or breakout to the downside depending on where the volume supports the move at.
Predicting that BTCUSD consolidates into a triangle pattern and has a breakout to the upside once it gets above 11,000 and will run up to the next resistance at 13,882.
Want to learn more, then follow me on Youtube and Instagram at The Impeccable Investor.