Bitcoin Loves Triangles

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Bitcoin has seen lots of triangulatory behavior lately. With a great deal of uncertainty of how the breakout is going to behave, or if at all a breakout occurs. Considering this it is wise to be prepared for both, a breakout up or down. But if one takes the historical trend in account, that BTC has seen a significant increase in transactions where price is lagging behind the trend right now. Makes one want to prepare for a bullish breakout. Its however risky to trade breakouts, as always. Also, with institutional BTC instruments showing bullish trends and even Reuters releasing some adventurous articles it makes sens to keep an open mind for both possibilities. Zoom out and keep an eye on the red lines.
Over and out.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out