BTC looks like it has completed a triangle for the final wave of a diametric pattern which began in mid 2021. We will likely see a rapid melt up from here. Targets are well above all time high if we can confirm the end of this bear market. Macro LARPers will get rekt trying to short into extremely high and sticky inflation. Alts will outperform BTC because of regulatory changes coming in the next year that will clarify securities laws and end SEC manipulation of crypto markets.
Trade closed manually
Looks like we're not quite out of this triangle yet, this was probably all just part of wave-d of the triangle. BTC is probably going to get one more wave down to retest the lows before finally breaking out.
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I no longer post here. Find me on x.com/intuit_trading
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.