Juandisimo

BTC Bullish Daily Triangle Formation

Long
BITSTAMP:BTCUSD   Bitcoin
Although we have seen BTC test certain important support levels, overall I believe we are still looking bullish. Corrections are normal and we are currently forming a descending triangle, tested 50 EMA on daily, next resistance at 0.50 Fib Line. If triangle is broken towards the down side, expect next support around 9300-9400 level (or 0.618 Fib). If Bitcoin breaks towards the upside, expect new yearly All Time Highs. Good luck everyone!
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