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Bannedhammr
May 23, 2020 10:25 PM

Bitcoin Continuation Patterns Long

Bitcoin / United States DollarCoinbase

Description

We should not be bullish nor bearish when looking at the charts. Here We should approach every pattern in a neutral state of mind so that We may profit buy having cash ready and limit orders set to buy pullbacks. We are all bullish long term so We should use the time the pattern gives us to stack sats

Bitcoin tends to respect these patterns on the larger time frames. Had you been unbiased and not hoping back in 2018 you would have easily spotted this huge descending triangle and would have had time to stack cash in anticipation for the break to the downside. All the hopium on crypto twitter could not make bitcoin disrespect this pattern.
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