BTC looks to be forming an ascending triangle. If it proves to be true, I'd look for it to punch through the red sell box at 6k and consolidate above.
I bought at $5,000 and don't plan on selling. I'm trying to build a nice leveraged position right now and looking for buys around 4700 to 4800. If that fails, I'm getting out of my long at $4450 until we find another bottom.
I bought at $5,000 and don't plan on selling. I'm trying to build a nice leveraged position right now and looking for buys around 4700 to 4800. If that fails, I'm getting out of my long at $4450 until we find another bottom.
Comment:
This appears to be forming a horizontal triangle rather than an ascending one. If we get rejected here I'd expect the support to break. Although Ethereum seems to be breaking out of a similar shape to the upside right now, and ETH has been known to front run BTC before. My money is still on the upside.
