GeertVD

Bitcoin - August 9, 2020 (Bullish)

Long
GeertVD Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
BTCUSD

Hi everyone,

... back with another (quick) update.


As predicted in my previous post, BTC bounced off the .5 Fib (11,330).
So, what now?

In my opinion, we are forming an ascending triangle (AT), with resistance at the .786 Fib (11,770).
We are currently riding the support of the triangle, so watch out for that. A break down (with convincing volume) would invalidate the AT.

Until that happens, I will remain bullish.
___________________________________________________________________________________________________


OPINION (unchanged): BULLISH

ANALYSIS (updated):
-----------------------------
See above
Commentaire:
Quick update!

 
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