Timonrosso

Symmetrical Triangle - Price broken above

Long
BITSTAMP:BTCUSD   Bitcoin
First time in 3 years the price has broken above th Symmetrical Triangle.

So looks like the next target is +$15,000.

Other reasons this looks like a nice trade are the following:

~ Investors piling their money in BTC as a safe haven alternative investment as Market Cap exceeds $200 billion.
~ Approval for US banks to facilitate and accomodate transactions
~ Broken above the psychological $10,000 level which will attract buying
~ Major whales are piling their money in Bitcoin...


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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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