logo

FX.co ★ #Bitcoin M5: Bullish Symmetrical Triangle

#Bitcoin M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 97098.59/97351.69 whereas the upper border goes across 97646.52/97351.69. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 97351.84.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph