Bitcoin about to break a mayor consolidation triangle

BTCUSD

As you can see in the chart, Bitcoin is back above $9,000 USD, and remarkably close to break some mayor triangle consolidation pattern at $9,500 USD. If it does that, then we could have a powerful up move soon.

The price target of this triangle breakout pattern would be calculated adding the size of the triangle to the breakout point. Which would give us a price target of about $18,000 USD.

The MACD indicator just gave us a buy signal on a weekly basis this week, which is about to finish tomorrow.

All and all, I see people jumping in and out of trades, counting ways, and trying to justify going short. A better strategy will be just to hold long. May could be a powerful month.

Good Luck to You

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We broke $9,500 on Bitcoin. Going to the moon. HAAAAAAA

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