JoshuaMcLean
Long

Bitcoin AUD HVF setup Target $22,230 AUD

FOREXCOM:BTCAUD   Bitcoin / Australian Dollar
I am seeing a bullish HVF setup in the BTCAUD pairing. This is contra to most USD markets which are showing a descending triangle .
Everyone is seeing the bearish descending triangle which makes me sceptical. This whole bull market thus far has been the result of short coverings. I don't think that is about to change now.
Get ready for more shorts to get REKT and provide the rocket fuel for Bitcoin .
Comment: Bear trap played out. Returning to funnel.

Comments

Decending triangle is bullish if formed in an uptrend. I am seeing symmetrical wedge pattern on BTCAUD and am looking for a strong move north in Sept or Oct.
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