BTC/USD - Triangle has formed, what next?
Hey guys, according to my last analysis BTC did not breakout above the 8000 USD mark as we wanted. Despite a lot of positive news these past few weeks, BTC has slowed down slightly only to make a gentle pushback. A triangle has formed which will give us an idea of where we are heading. If we fall below the bottom line of the triangle I expect we will fall all the way down to 6000 USD. I do not expect this to happen. The chart signs are still Bullish. However i do expect that it will take till the end of August to break out from the triangle. Till then keep a close eye, add stop losses if you want to according to the lines and remember, DYOR! Happy Trading!
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