BTC Breakout or Washout ?
Updated
1. Support holds at $6000-$6500, we create a Adam & Eve Double Bottom, and break out of the Descending Triangle
2. Support breaks at $6000-$6500, we see a final washout/capitulation candle, before a major bounce to prior resistance around $10,000-$12,000
Either way, I'm ready and loaded to scale in on a breakout, or buy a dip.
2. Support breaks at $6000-$6500, we see a final washout/capitulation candle, before a major bounce to prior resistance around $10,000-$12,000
Either way, I'm ready and loaded to scale in on a breakout, or buy a dip.
Note
We had a bit of break out, out of the descending triangle.This could be a fake out/bull trap, but it could also be a good sign for #altareback
If BTC consolidates here for a few days, we might see some life come into Alts.
There are several Alts with great setup, and also recent breakouts.
ADA/BTC, one that I'm very interested in, and started position sizing.
Also, I'm liking the setup on ICN/XBT
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