CFDs and Spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs and Spread bets with this provider. You should consider whether you understand how CFDs and Spread bets work and whether you can afford to take the high risk of losing your money.

Bitcoin - Neutral - Descending Triangle Pattern

Sep 05, 2021

Edit Page

Bitcoin - Neutral - Descending Triangle Pattern by KQMarkets on TradingView.com

Commentary

We still have a neutral view as we still see Bitcoin in descending triangle pattern and would want to see prices breakout of this pattern before establishing the next potential move.

A break below the base of the triangle under $9413 would indicate further downside whilst a break above $11509 could lead to significant upside.

However, on the upside we are encouraged that Bitcoin has stabilised over the past few days above the $10000 psychological level.

All the content is provided for general information only and trade signals should not be construed as any form of regulated advice. It does not take into consideration your personal circumstances, including your investment objectives, risk profile, tax status, knowledge and understanding or financial situation. Past performance is no guarantee of future results.