Michael-David

Bitcoin Ascending Triangle

Michael-David Updated   
COINBASE:BTCUSD   Bitcoin
As many have said the next two weeks are a critical period for Bitcoin.

Looking at the chart, we can see that ichimoku points to a bullish future with the cloud already angulating towards the upside.

The best part is Williams %R creeping its way to oversold territory, all the while as price/sentiment is maintaining strength.

Looking for a Kijun-bounce shakeout for a position add-on.

A close below Kijun warrants a full position close.

Ya'll have a great weekend.

-Belmont's Rival

Comment:
Please note that bullish Kumo future is still weak and developing.

This implies weak support and a possible bear continuation.

A shakeout at the 3800 is expected at this point as the Kumo twist often yields a magnetic effect

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