artinh

BTC Breakout or Washout ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1. Support holds at $6000-$6500, we create a Adam & Eve Double Bottom , and break out of the Descending Triangle

2. Support breaks at $6000-$6500, we see a final washout/capitulation candle, before a major bounce to prior resistance around $10,000-$12,000

Either way, I'm ready and loaded to scale in on a breakout, or buy a dip.
Apr 12
Comment: We had a bit of break out, out of the descending triangle.
This could be a fake out/bull trap, but it could also be a good sign for #altareback

If BTC consolidates here for a few days, we might see some life come into Alts.
There are several Alts with great setup, and also recent breakouts.

ADA/BTC, one that I'm very interested in, and started position sizing.

Also, I'm liking the setup on ICN/XBT
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