FX.co ★ #Bitcoin M5: Bullish Symmetrical Triangle

#Bitcoin M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 55971.04/56437.14 whereas the upper border goes across 56766.80/56437.14. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 56437.29.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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