BTC/USD. The stock pattern of "An Expanding Formation"
Hello, gentlemen..
The movement of bitcoin price in April is very similar to the stock pattern "An Expanding Formation", which predicts the growth of the asset in the near future.
This is what the pattern looks like.
This pattern differs from the "Ascending expanding cone" in that the lower boundary of the pattern is horizontal or close to this position.
"Bitfenix", timeframe 12 hours.
I hope I'm right. In this case, the price of bitcoin in the next week will be at the level $5300 - $5500, with an upward trend.
It should be taken into account that in case of growth, at the level of $6050+/- the price will meet quite strong resistance. The picture will become clearer closer to the start of the increase in the price of BTC.
Good luck!
The @upvoteinvest team
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