BTC/USD (Bullish Triangle? Wait for Breakout)

💎Technical Analysis Summary💎



BITSTAMP: BTCUSD


-Bitcoin is forming a potential ascending triangle pattern
-We can see a clear flat resistance area around 24k dollars
-It also has an upward trendline of support with the confluence of 50MA
-On the balance of probabilities, this pattern usually breaks to the upside
-But the safest trading approach is to wait for the breakout confirmation
-Because this will increase your trading bias and have a proper stop loss location




⚠️Please always read the description⚠️

A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉


``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````