Attention! Bitcoin triangle BULLBACK?
Updated
Hello guys!
In this post im going to explain you why I think bullrally is going to happen soon.
As you can see the drawings in my chart it's showing you the major support zone of BTC (5765.5$) and the Triangle-Resistance zone (beginning at 19.9961$ going slowly in a \ form) that we could not break until yet.
The big triangle pattern has inside 3 little breakdown patterns (Marked as 1#,2#,3#) following all the way down where we are now. The pullback have happened everytime we've been hitting near the Major-Supportzone but always inside the BIG triangle.
Now it seems that we get slowly to an end of this formation, because we are dropping slowly down to the support zone. I think at the ATH (20.000$) begin we have been very oversold on BTC. We had the last months a healthy correction and now we will see hopefully a breakout/stabilisiation soon. And this time we will see a breakout ouside the triangle for the frist time since 20.000$ ATH. (pullbacks marked as 1#,2#,3#)
Tell me what you think.
Cheers,
Kashmirpuma!
In this post im going to explain you why I think bullrally is going to happen soon.
As you can see the drawings in my chart it's showing you the major support zone of BTC (5765.5$) and the Triangle-Resistance zone (beginning at 19.9961$ going slowly in a \ form) that we could not break until yet.
The big triangle pattern has inside 3 little breakdown patterns (Marked as 1#,2#,3#) following all the way down where we are now. The pullback have happened everytime we've been hitting near the Major-Supportzone but always inside the BIG triangle.
Now it seems that we get slowly to an end of this formation, because we are dropping slowly down to the support zone. I think at the ATH (20.000$) begin we have been very oversold on BTC. We had the last months a healthy correction and now we will see hopefully a breakout/stabilisiation soon. And this time we will see a breakout ouside the triangle for the frist time since 20.000$ ATH. (pullbacks marked as 1#,2#,3#)
Tell me what you think.
Cheers,
Kashmirpuma!
Trade active
Looks like were getting in the keyzone, cross fingers :D.Trade active
looks like were close to hit the Red triangle line we might see a dump soon! But dont worry, if it goes down that means the resistance is thare & the pattern is confirmed (for me)Trade active
We are in my marked zone! Dump as expected now lets wait & see..Trade active
PUMP UP amazing as expectedTrade active
looks like we are closing above the triangle resistance, amazing.Trade active
we broke out! Pattern confirmed & my theory too please like and shareTrade active
growing so nicley from my marked zone
KSC
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