bodeen88

BTC to Break 60k Resistance

Long
BITSTAMP:BTCUSD   Bitcoin
Based on this ascending wedge pattern, I started to see the reverse of what happened in the last bear cycle. So I took the bar pattern from between December 2017 and June 2019, and mirrored it, then overlaid the pattern onto the one we see here. I keep seeing higher lows, but the highs are staying the same. It's like a powder keg getting ready to blow. I would say 80k incoming very quickly. The bottom of this dip is nearly in. I don't know how soon it will happen, but as long as this channel keeps tightening, my view will remain.

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.