AlexSpicer94

BTC Weekly Ascending Triangle

Long
COINBASE:BTCUSD   Bitcoin
BTC Forming a Weekly Ascending Triangle at the 30K level showing similar fractal patterns as the 2015 Cycle.
There is a massive bullish divergency on multiple major levels including the daily.
Will we see a break out to Bitcoins Fibonacci Extension Target of 34-36K? Or will we see a pattern failure and move back down to 25K.

I am currently long from 29K, will sell 70% of my position at 31K and let the rest ride.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.