BTC is trading in a decent side symmetrical triangle. This pattern is not bearish nor is it bullish, it can go either way ladies and gents. So I will stay neutral until conformation. As you can see, a break out is imminent! PRESSURE BREAKS PIPES AND THE PRESSURE IS ON THE CHARTS! I believe it will occur no later then the 13th of July and this breakout will be the moment of truth. A huge dip can occur before breaking up....this is what I call a "fake out" or shaking out weak hands lol...the same goes for the upside. Volume and breaking/closing above resistance or below support will confirm the direction that SIR BITCOIN will choose. This story is far from over in my opinion. So buckle up ladies and gents! This one will be a ride.
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Comment:
As stated in my previous idea, we have a hidden bullish divergence on the daily chart..sooo ummm yea...
Comment:
BTC broke up and failed to close above its resistance resulting to a rejection and reversal to down prices. BTC is now testing its stronghold support levels.
