Updated

BTC triangle ... Breaks up or down ?

Triangle formation ... which trend will dominate ?!
We should know so0o0oon ... just watch and take care of your Alts positions.

If BTC breaks up, it will go to the moon +30,000
If BTC breaks down, it should be stopped at 100MA and strong support at 8000 level then bounce back hard

I'd like to hear your thoughts ... what do you think the next move of bitcoin will be?

Note

I think we will stay at the triangle until the segwit fork happens then we will see move indicator

Again, Watch your open trades and put stop-loss... The next move can crash the market

Trade active

Still in the triangle ... Watch for the candle daily close.
Bitcoin to 8000 or to +30,000 ... For now, each scenario can happen.

Note

Personally, I think bitcoin will go up (+20,000) before the end of the year.
Yes, You read it right before the end of the year :)

So, I am hodling unless we see a trend breakout on the daily chart, then we will see

Note

Still in the triangle so far
We should see a breakout soon

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Down breakout confirmed but with low volume

We should be on our way to 8000 level and touching 100MA
Let's see how it will go in next days

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Bitcoin now in that moment stands in 50MA at 12300 level
Crossing that level will take us to 100MA at around 8600 level

We should see some support there before breaking it

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Head & shoulders pattern confirmed, which should motivate further down movement to 100MA

Note

BTC update

mahmoud237

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mahmoud237