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suddenlightness
Jun 2, 2021 12:18 PM

Bearish tilt on this triangle...but wait there's more 

Bitcoin / U.S. dollarBitstamp

Description

BTC has to break one way or the other with this side chop getting way too tight. The tilt is bearish since the trend for many days has been downward. However!, a candle just opened in the cloud and I'll take anything as a bull sign. Targets are sized to ~match the target price and fit with 1.68 fib levels.

Comment

Forgot to mention that the fractals are on there to show a potential stop loss on either side. Just use the most recent candle's maximum value under your long or over your short.

Comment

Also I won't be even thinking about taking a position on a break out without more volume
Comments
suddenlightness
Broke to the upside and entered the cloud for a few days, then Elon broke up with us. #fuckElon Check my Turbo Bear post for updates
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