As Bitcoin follows the descending triangle perfectly so far, it may still has two mini moves left to complete it. Those moves are shown as the green and red line.
The big question is of course will it break down further as a descending triangle often does or will it soar to new heights with bulls at the helm and bears scattered watching the huge daily gains. Which one is it going to be ?
The big question is of course will it break down further as a descending triangle often does or will it soar to new heights with bulls at the helm and bears scattered watching the huge daily gains. Which one is it going to be ?
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press the play button and see new bars following the green lineNote
If it crosses the $8900 level and making a newer high we are off to the races, I'm guessing 14K in mid-termNote
Original analysis from March 29th still holding up. Next two days are absolutely critical for Bitcoin and altcoinsNote
it clearly left the triangle and its sideway move . Not typical for stocks. But this is bitcoin
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follow me on Twitter @HungryforFA
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.