BTC Ascending Triangle
Updated
BTC looks to be forming an ascending triangle. If it proves to be true, I'd look for it to punch through the red sell box at 6k and consolidate above.
I bought at $5,000 and don't plan on selling. I'm trying to build a nice leveraged position right now and looking for buys around 4700 to 4800. If that fails, I'm getting out of my long at $4450 until we find another bottom.
I bought at $5,000 and don't plan on selling. I'm trying to build a nice leveraged position right now and looking for buys around 4700 to 4800. If that fails, I'm getting out of my long at $4450 until we find another bottom.
Comment
This appears to be forming a horizontal triangle rather than an ascending one. If we get rejected here I'd expect the support to break. Although Ethereum seems to be breaking out of a similar shape to the upside right now, and ETH has been known to front run BTC before. My money is still on the upside. 
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