BITCOIN Price Trades in Triangle Between Support and Resistance

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By Yuri Moiseev

 

 

 

 Reasons:

- Price now trades in 4th correction wave
- Price trades in Local Uptrend
- Price trades in small Triangle
- Price trades between Resistance and Support Levels
- Current Support Level is 6650 $
- Current Resistance Level is 6950 $
- Price can create 5th wave upward if will break Resistance level 6950 $
- To open long after breakout of resistance level
- Always do your own research before opening positions and always put SL

 

 


Bitcoin Price Chart Source: CoinGecko

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