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!

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out