KamiCapitalTA
Long

Attention! Bitcoin triangle BULLBACK?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello guys!

In this post im going to explain you why I think bullrally is going to happen soon.

As you can see the drawings in my chart it's showing you the major support zone of BTC (5765.5$) and the Triangle-Resistance zone (beginning at 19.9961$ going slowly in a \ form) that we could not break until yet.

The big triangle pattern has inside 3 little breakdown patterns (Marked as 1#,2#,3#) following all the way down where we are now. The pullback have happened everytime we've been hitting near the Major-Supportzone but always inside the BIG triangle.
Now it seems that we get slowly to an end of this formation, because we are dropping slowly down to the support zone . I think at the ATH (20.000$) begin we have been very oversold on BTC . We had the last months a healthy correction and now we will see hopefully a breakout/stabilisiation soon. And this time we will see a breakout ouside the triangle for the frist time since 20.000$ ATH . (pullbacks marked as 1#,2#,3#)


Tell me what you think.

Cheers,

Kashmirpuma!
Trade active: Looks like were getting in the keyzone, cross fingers :D.
Trade active: looks like were close to hit the Red triangle line we might see a dump soon! But dont worry, if it goes down that means the resistance is thare & the pattern is confirmed (for me)
Trade active: We are in my marked zone! Dump as expected now lets wait & see..
Trade active: PUMP UP amazing as expected
Trade active: looks like we are closing above the triangle resistance, amazing.
Trade active: we broke out! Pattern confirmed & my theory too please like and share
Trade active: growing so nicley from my marked zone

Comments

Good analysis, keep it up.
+1 Reply
KamiCapitalTA UnknownUnicorn29
@UnknownUnicorn29, thanks for your time to take a look & comment. Happy to read your positive feedback!
Reply
Excellent Chart. We are at a major BTC breakout point.
+1 Reply
KamiCapitalTA DakotaPrairie
@DakotaPrairie, Thank you very much! I hope we will se a good movment soon, looks good. RSI is bouncing off nicley from the oversold zone.
Reply
Very possible
+1 Reply
KamiCapitalTA HarrisProng
@HarrisProng, lets hope for the best. Thanks. :)
Reply
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