ItisCalvin

Break It, Make It, Or Fake It

BITSTAMP:BTCUSD   Bitcoin / Dollar
667 3 6
There has been an ascending triangle pattern that has been forming for days. But this is not a sign of a sure bear or bull movement. Many things will have to happen before it can be called bear/bull movement.

For now it seems to be possible to go either way. There are three scenarios that can play out over the next day. Either we break this triangle in which case testing 470-480 is possible again. We break down to see previous lows around 420. Lastly, we can just start going sideways and range for a few.

IF the BB fail to show breakout in either direction in the next hours sideways just becomes stronger.

Bull target: 479
Bear target: 420 (Make a wish lol)

Extreme Bull: 500
Extreme Bear: 400 - I would tend to think it would go rather quick

Time frame: 4-6 hours otherwise we go sideways until the next breakout
it took a little delay, but ...
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awesome, precise and straightforwardly didactic
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Thanks!
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