MrPine

29 to 31 JAN Are the Days to watch for BTC Breakout!

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The symmetrical triangle is invalidated & we entered a very familiar descending triangle pattern. A patent that we see over and over again in every big run up.

It looks to be currently bouncing on the opposite side of the tri , if the bounce is locked in I believe we will get one more test of the hypotenuse pull back to mid-tri and break out close to the end of JAN. Break out target; 45k

The Fundamentals are clearly bullish .

Comments

Fakeout/manipulation or Invalidation? I think it's the more likely.
Reply
@MrPine, i agree and great article
+1 Reply