Bitcoin is consolidate in a triangle, yesterday, the higher low is setup near MA 100 day, still keep inside this triangle.
From the formation, upward breakout is expected, strategy is buy near the bottom of this triangle. I think the 9000 level is very solid support in near future!
And let's have a look at a reference also.
there is a triangle setup after the initial bull run from Nov. 15 to Apr.16. very similar pattern? :)
Thanks!
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It's on the way to the triangle upper bound, I'm not sure if the bulls have such momentum to reach that target.
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How exact of the draw trend line?
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As I said, I'm doubt the strength of bull can reach the upper bound of the triangle, But I'm sure the buy point is very near, I will wait to MA 120 ~ 140.