AchillesLstStnd

BTC, The Road Back to $20K?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Triangles, inside of triangles.
Macro - Descending Triangle = Bullish .
Micro - Ascending Triangle = Bearish .

I believe if we are able to break the upper trend-line, it will be EXTREMELY bullish .
Currently we are trapped inside of an ascending triangle , of which a bounce off of our lower support is still possible.
If we are able to bounce off of the 5800~6000 level and break the upper trend-line, we may be in for the ride of our lives.
If we drop below the lower support, then the bearishness continues.
For now, I am sitting on the sidelines. With how narrow the trend has become, we are looking for a serious break sometime in the very near future.

Good luck everyone and happy trading!

-Achilles
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