LONG | from 7.51$/btc with 1 unit (100 btc)
LONG | from 18.20$/btc with 1 unit (100 btc)
I’d like to spent few words about what’s happened so far to my short term trade. The market is drawing an ascending triangle characterized by equal highs and higher lows. When drawing an ascending triangle, you’ll notice that the top line is fairly flat and the bottom line will be making its way up and to the right.
This is usually considered a bullish signal, but this isn’t always the case. As with the other triangles, once a convergence is made a powerful bullish or bearish trend can occur.
In the next couple of hours we’ll see if it is going to break it above the static resistance at 19$.