Anyway, while I'm not necessarily about bitcoin (note that my status says 'neutral'), I'm here to caution against joining the bull wagon too early - and without sufficient evidence.
Consider the following:
1. The overwhelming majority of ideas published here are referring to BTCUSD ( ), which by ANY normal metric is thinly traded.
2. BTCEUR certainly has more , but could hardly be called 'liquid' by the standards of normal trading.
3. Both of the above have shown a 'breakout' of sorts....but on less than convincing .
4. Both above 'breakouts' lack the motive force to be classed as impulsive...they are still full of overlaps - more akin to corrective price action. (ie. wave E with its signature throw-over pattern?)
5. The chart above shows BTC/Yuan, which has far greater , and shows no sign whatsoever of the 'breakout' that those focused on the thinly traded markets are getting all excited about.
6. Finally, if the triangle cannot be an isolated pattern in a 2nd wave, then what is it? Very simply, it's most probably the end of wave B of an correction in the larger degree of trend. This view calls for a fall to a wave C extreme beyond the low of wave A (see chart).
With all that in mind, wouldn't it be best to at least wait for the market to commit before committing to the market?
Of course I could be wrong...but someone has to play devil's advocate...lol