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m33ljnr
Jan 14, 2021 4:43 PM

BITCOIN SYMETRICAL TRIANGLE Long

Bitcoin / U.S. dollarBitstamp

Description

tHE 4h CHART IS OVER EXTENDED AND REACHING THE SUPPLY AREA. A 5 WAVE TRIANGLE PATTERN IS LIKELY TO OCCUR, KEEPING BTC RANGEBOUND FOR A LITTLE WHILE LONGER BEFORE EITHER BREAKING UP OR DOWN FROM THIS PATTERN. THE ODDS ARE SLIGHTLY IN THE FAVOR OF UPSIDE DUE TO THE MACRO TREND. IF THIS TREND LINE IS BROKEN EARLY THE IDEA IS NULLIFIED.
Comments
CollegeofPips
Great mentioning the wedge formation.
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