Bullish on Bitcoin - Descending triangle
My thoughts on bitcoin:
Now we are moving into the Descending triangle, it is a continuation of the trend. The exit from the triangle should happen before the beginning of October. Bakkt bitcoin futures set to launch September 23 this may be an impulse to exit it.
If you are not in Bitcoin, it is better to enter when breaking through and retesting, as I indicated on the chart. Or at the bottom of the triangle.
Targets: previous high, then the height of the triangle.
Now we are moving into the Descending triangle, it is a continuation of the trend. The exit from the triangle should happen before the beginning of October. Bakkt bitcoin futures set to launch September 23 this may be an impulse to exit it.
If you are not in Bitcoin, it is better to enter when breaking through and retesting, as I indicated on the chart. Or at the bottom of the triangle.
Targets: previous high, then the height of the triangle.
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