Bitcoin - buy the breakout after confirmation
Dear traders and followers,
welcome to our weekly Bitcoin update !
The Bitcoin price broke out of triangle pattern and need to confirm the breakout.
Confirmation is done after price closed several times above the upper triangle trend line and 10.900 $ - 11.000 $ area which is 61.8 fibonacci retracement level and Bollinger bands baselines.
RSI and MACD indicator are explained in the chart.
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Please hit the like button if you share or like this idea.
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welcome to our weekly Bitcoin update !
The Bitcoin price broke out of triangle pattern and need to confirm the breakout.
Confirmation is done after price closed several times above the upper triangle trend line and 10.900 $ - 11.000 $ area which is 61.8 fibonacci retracement level and Bollinger bands baselines.
RSI and MACD indicator are explained in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date.
Thanks for your support !
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
