Bitcoin: ascending triangle is intensifying upward bull pressure
Updated
The pattern inside the bullish ascending triangle is intensifying upward pressure;
A small local weekly rounded bottom is starting to form, SMMAS are starting to get rounded as well to potentially point towards north;
Bolligy banderinos are getting more and more squeezerinos;
A violent upmove is the most probably scenario as you can see from the chart.
But stay alert, ascending triangles can sometimes break by the bottom in certain cases.
Best move, if you want to remain conservative, is the wait and see move.
If you are not conservative, you can start to accumulate with a stop loss that is adapted to you nerves limits and portfolio limits.
Summary : stay safe with this market, accumulate only if you have money you are willing to lose, and only if you can manage a long to very long term holding strategy.
A small local weekly rounded bottom is starting to form, SMMAS are starting to get rounded as well to potentially point towards north;
Bolligy banderinos are getting more and more squeezerinos;
A violent upmove is the most probably scenario as you can see from the chart.
But stay alert, ascending triangles can sometimes break by the bottom in certain cases.
Best move, if you want to remain conservative, is the wait and see move.
If you are not conservative, you can start to accumulate with a stop loss that is adapted to you nerves limits and portfolio limits.
Summary : stay safe with this market, accumulate only if you have money you are willing to lose, and only if you can manage a long to very long term holding strategy.
Note
If Btc had to reproduce the same fractal as the 2014 crash, we could witness a last panic move down
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