Bitcoin appears to be trading in a Ascending Triangle. It also looks like a giant W or what I call a Wu Tang pattern may play out, resulting in a gap to the upside.
On a smaller time frame there's clearly a bull flag or descending triangle. I don't see any resistance until 8709ish & 8860ish USD.
It appears as though Bitcoin is going to finish this pattern by the end of the weekend.
In one of my previous posts on Bitcoin i talked about the upward sloping trendline & how every time #BTC has traded on it since April / May, technically even further but not on this chart, we've seen parabolic movement, and we seen just that.
I've adjusted the line slightly...
Ethereum #ETH just made us a nice and clean Classic Wu-Tang Wave. It is believed to bring power and greatness to the coin
In the end everything will be ok. If it's not ok, it's not the end just yet.
#zoomout #cheerup #hodl
