BitcoinLong
BTC BULLS IN CHARGE
Today on BTC bulls are defending this rally extremely well. On the daily chart we see the bulls buying at all key fib levels. Creating a massive triangle of price consolidation. Currently we are riding the top trend line with a weekend gravity gap below. with our current break out and gap to fill, I do not expect a break of the triangle. Rather a pull back for a bounce on the .5 fib or truncate at the .382. Once triangle breaks expecting a turn around 9200 for retest of past resistance before heading on the road to 10k.
One could hedge here for a short term short down to support in chance of pattern failure. Once we reach .382 fib look for reversal pattern to enter long for break out. If no pattern wait until bottom of triangle to enter long.
One could hedge here for a short term short down to support in chance of pattern failure. Once we reach .382 fib look for reversal pattern to enter long for break out. If no pattern wait until bottom of triangle to enter long.
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