dacto

BTC - 28 February 2020 - A Perfect End to A Perfect Triangle?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hey everyone,
The whole bear season seems like a huge symmetrical triangle.
Potential 3 buy points are shown on the chart.
I will be starting accumulating from the first level.

Have a good weekend
Comment: By the first level I mean 7300-8000 USD.
Second level is 4-5k levels. Which also is close to Weekly 200 MA.
And the least probable level is the third 2K level... Which is the least likely but still has a probability...
Trade active
Comment: Second level is filled, really RISKY FOR MARGIN TRADING!
IF THE BOUNCE DOES NOT OCCUR, 2000 USD IS ON THE TABLE FOR SURE

Comments

Good job. I think level three is possible but it takes more time. Final bottom may be ~$1200 in 2021-2023.
+2 Reply
dacto kullervo88
@kullervo88, yes, symmetrical triangle can break downwards which can even lead to 1200 level... For the time, I am not sure... You may be right my friend,

Timing can be like this, of course these are only possibilities...
Reply
Very accurate TA. Congratulations to you my friend. The fall was crazy and surprised even many bears.
+1 Reply
dacto kullervo88
@kullervo88, Thank you very much, hope we all will survive and see green days, even as a perma bear I am bored of this 3 year bear season...
Reply
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