Today we discuss Bitcoin in June.
TradingShot
The May Triangle The price has been consolidating within a Triangle since the May 07 $10100 High. Typically when Triangles break, that is the direction to follow.- If the current Triangle breaks upwards, we still have the August 20, 2019 Lower Highs trend-line (dotted line) to consider as well as (and more importantly) the $10500 9-month Resistance.- If the Triangle breaks downwards, it will make contact with the 1D MA50 (blue line) and then have two important Support levels to consider: the $8400 Symmetrical Support 1 (from the March 01, 2020 low) and the $7750 Symmetrical Support 2...
TradingShot
The May Triangle The price has been consolidating within a Triangle since the May 07 $10100 High. Typically when Triangles break, that is the direction to follow.- If the current Triangle breaks upwards, we still have the August 20, 2019 Lower Highs trend-line (dotted line) to consider as well as (and more importantly) the $10500 9-month Resistance.- If the Triangle breaks downwards, it will make contact with the 1D MA50 (blue line) and then have two important Support levels to consider: the $8400 Symmetrical Support 1 (from the March 01, 2020 low) and the $7750 Symmetrical Support 2...
Activity