Mr_Net

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.
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