BITCOIN BTC - SPRING 2021 TARGET FROM WEEKLY ASCENDING TRIANGLE
1. Inflation becoming a household term. I was screaming about it months ago when it wasn't cool, and now it is. A buzzword amongst retail traders now. We are getting closer and closer to the "Sell The News" event aka the Big Top. Next CPI report is due for release April 13, 2021.
2.Crypto kitties lost 95% of it's hype and then Bitcoin went ape sh** to $19,000 in 2017. It was stuck in a long consolidation during. Same thing now; except guess what is the new "crypto kitties" that is losing a ton of hype, almost not even talked about anymore amongst retail traders? We are getting closer to take off.
3. Coinbase IPO is Wednesday, 14th. Broad market is very bullish and Coinbase will likely do a quick up/down volatility move followed by a slow upward trend that rides along with the global tide as all ships rise. This just validates Bitcoin more and more amongst 'the top buyers and creators'. The laggards are coming...
I am not excited about what is left to come with Bitcoin; I am more excited about my EXIT from it all and then my RE-ENTRY when it's "Blockchain" turn for the bullrun reason and not "Inflation sensitive asset".
LFG...
2.Crypto kitties lost 95% of it's hype and then Bitcoin went ape sh** to $19,000 in 2017. It was stuck in a long consolidation during. Same thing now; except guess what is the new "crypto kitties" that is losing a ton of hype, almost not even talked about anymore amongst retail traders? We are getting closer to take off.
3. Coinbase IPO is Wednesday, 14th. Broad market is very bullish and Coinbase will likely do a quick up/down volatility move followed by a slow upward trend that rides along with the global tide as all ships rise. This just validates Bitcoin more and more amongst 'the top buyers and creators'. The laggards are coming...
I am not excited about what is left to come with Bitcoin; I am more excited about my EXIT from it all and then my RE-ENTRY when it's "Blockchain" turn for the bullrun reason and not "Inflation sensitive asset".
LFG...
Trade closed: stop reached:
Ascending triangle had a fake breakout and failed completely. BAD BAD sign esp matching with other technicals and the invincibility sentiment I am seeing everywhere.