Bitcoin has now reached it's completion for our 'triangle' cycle. This is theeee decision point for Bitcoin which will result in one of those 3 paths.
First path offers a more gradual profit with quicker recovery taking into account new investors entering the market with regulation clarifications.
Second path takes us into a more steady growth, which is healthy for Bitcoin however we will need patience with this one.
Final path takes us slightly below $5K which is what many models, patterns and indicators show us.
Conclusion
We are bullish until we update otherwise.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
First path offers a more gradual profit with quicker recovery taking into account new investors entering the market with regulation clarifications.
Second path takes us into a more steady growth, which is healthy for Bitcoin however we will need patience with this one.
Final path takes us slightly below $5K which is what many models, patterns and indicators show us.
Conclusion
We are bullish until we update otherwise.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Trade active
With cautionNote
Note
Move SL to $5,450Note
Which track will we take?
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Disclaimer
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.
Related publications
Disclaimer
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.