Bitcoin Coiled up in a HUGE Symmetrical Triangle on Log Chart

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This is a huge symmetrical triangle pattern .

You all know what happens when Bitcoin does this. It EXPLODES.

There is a lot of energy being bottled up as the price squeezes down into the tip.

Bitcoin will have to make a decision as the market makers bubble meets the adoption curve.

Which direction do YOU think it will break out?

I hope this helps you with your own analysis.

Peace, Love, & Crypto,
Dec 18
Comment: I've WAITED very, very patiently for the price to come to me aaaaaaand all my limit orders in the 6,000's got filled!!!
Jan 29
Comment: Making this comment two months later and it looks like this is playing out perfectly.


everything goes further according to plan.
+1 Reply
made this trading idea half a year ago
+1 Reply
SpartaBTC SpartaBTC
+1 Reply
@SpartaBTC, That's amazing!
… or maybe… it is forming descending triangle with next target in range of $3000 ?
@MaxL82, What do you think now?
BTC MA position states other way
@ml333, What do you think now?
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