BTC - Bullish Trend Confirmed - Next resistance to Break - Ascending Triangle

Hello all,

Yesterday, I was happy to inform you that we broke a nice resistance under which we were stucked since days :

I told you to stay careful and wait some hours to be sure that the market won't make us a head fake. This dangerous momentum is now finished and we had some nice up to confirm that bullish trend.

However we are now blocked by a new resistance line. The market stopped clearly at this point today and this resistance has been well confirmed and is the next step to brake :

The very good news is that pattern. Look on that chart, we have an ascending triangle formed by the resistance line and the support line. An ascending triangle is a very nice bullish pattern and most of the time, it creates a nice breakout UP.

As you can see on the chart, I put the 2 main scenarios :

1. We will brake very soon the resistance line with a nice break out
2. We will go back a little bit to take some more power and break that resistance during the next up test.

However, keep in mind that we can still have a drop at any moment but yeah as I told you earlier, mostly all the ascending triangles are broken with a UP trend.

Take care all,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Version française ici : [FR] BTC - Tendance Haussière confirmée - Résistance suivante à casser - Ascending Triangle