Bitcoin- The long forgotten Bulls are back in control (Part 2)
Not only on the 4 Hour Chart but also on the Daily Time Frame the price did manage to break and close above the Symmetrical triangle. Just all we need is a confirmation that it is not a false breakout. Before entering long 1)You could wait for the price to retest the Support or else 2) You can join the rally and keep a bigger SL. This is the most traded cryptocurrency in the world so beware the Bulls could go nuts but before that the bears will try to push the price one final time to test the new found support.
Note: I've never traded on Cryptocurrencies before as it is found to be one of the most volatile instrument on this planet. At one moment you could be a Millionaire and on the other you could be a Nillionaire.
All my views on this piar are just technical analysis, no fundamental or sentimental analysis are taken into consideration.
Happy Trading and Happy Weekend... ;)
Note: I've never traded on Cryptocurrencies before as it is found to be one of the most volatile instrument on this planet. At one moment you could be a Millionaire and on the other you could be a Nillionaire.
All my views on this piar are just technical analysis, no fundamental or sentimental analysis are taken into consideration.
Happy Trading and Happy Weekend... ;)
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