jz2911

BTC in a bearish triangle

Long
BITSTAMP:BTCUSD   Bitcoin
I will have to join the bulls in this time.
BTC proved to have relatively strong support at 30k at 2 different occasions already, it could crab in the 30-33 region for a while or break the triangle immediately and start going up as seen in the analysis.
My idea is however mostly influenced by the rHodl ratio chart over at www.lookintobitcoin..../charts/rhodl-ratio/
It is not supposed to be the end of the bear season just Yet.
Trade responsibly boyos.
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