CryptoSimons

BTC Looking for Higher Low

Long
BITFINEX:BTCUSD   Bitcoin
Although many of us wanted one 4-hour bar to shoot past the all-time high, we have to deal with some healthy correction for Bitcoin to establish it's prospective bullish trend. It seems as if any potential inverse head & shoulders or cup & handle formation can be considered unlikely following the symmetrical triangle breakout. We can expect a drop to the white support line based on the price target of the triangle. From there, we can continue to push forward.

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