Dear friend, coinbase's data makes the symmetric triangle consolidation very clear. A break one way or the other can be expected in the near future. The actual extent of the move is of course unknown, but I have provided tentative targets. On the downside I think the long-term logarithmic line might be in play, and on the upside a bit over $10K seems likely. Note the fib extensions.
Good trading and good luck!
Good trading and good luck!
Trade closed: stop reached
Position reversed as BTC broke important trendline at 9020. I had orders that got me short on the break lower (for a decent profit, but I should have remembered that declines in bull markets are not extensive and taken a far larger profit lol). Now I am long. Here is picture of mentioned trend line etc: 3.bp.blogspot.com/-sVqhKdgGboA/WujQktE3LeI/AAAAAAAABVk/f3DX03txPQ4gul0Aah7zNlVbIlxHPS0hACLcBGAs/s1600/right+when+price+triggered+my+orders+for+bitcoin+long.PNG
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.