Incoming Triangle Break BTC/USD : Minority Venture Capital (MVC)

Incoming Triangle Break BTC/USD : Minority Venture Capital (MVC)

Incoming Triangle Break BTC/USD : Minority Venture Capital (MVC)

Keep watching the triangle as its break will be very influential.

While the rally in the past few hours saved BTC from breaking down, there is a MRI top on the hourly coming in one candle. Will it reject the price and force a downward break or will the 4hr chart prevail?

Even if we break to the upside, I wouldn’t take a long trade until we close above the daily 50 SMA (currently at about 36000) and preferably above the resistance at 37600.

Bitcoin