thecryptochart

CRYPTO - BTC - Ascending triangle. Uncertain markets. Set stop

Long
BITSTAMP:BTCUSD   Bitcoin
CRYPTO - BTC - Ascending triangle on weekly chart. The markets appear to be on edge. The ETH chart is not ready yet. But BTC has an ascending triangle which is a higher probability trade.

Volume - Falling like you see in an ascending triangle or bull flag. Which is good.

RSI - new RSI high on last price high. RSI lows are setting new highs showing weakness in selling.

STO is bottoming out indicating a bounce is due.

Target 1 = 89K

STOP = 46K


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