Bitcoin BTC Ascending Triangle present: The Return of the Bulls
The stars and the planets are lining up with the 6th of the month and this GORGEOUS ascending triangle that will rally beyond 8k.
We are looking for a rally to start this Friday evening. So get your tickets for "Return of the Bulls."
We are just waiting for confirmations. As long as this ascending triangle doesn't move away from this pattern, we are good to go.
If a whale sells a large position, it could break this triangle so I am putting super tight stop losses but going long all the way.
Note my overall tone is still bearish midterm but bullish long term.
Do you agree? Disagree? Comment below.
*** This is NOT Financial Advice. Do you own research before you invest your hard earned money ***
We are looking for a rally to start this Friday evening. So get your tickets for "Return of the Bulls."
We are just waiting for confirmations. As long as this ascending triangle doesn't move away from this pattern, we are good to go.
If a whale sells a large position, it could break this triangle so I am putting super tight stop losses but going long all the way.
Note my overall tone is still bearish midterm but bullish long term.
Do you agree? Disagree? Comment below.
*** This is NOT Financial Advice. Do you own research before you invest your hard earned money ***
Trade closed manually:
Got stopped out at 7600, like I described IF the triangle is broken we are going down with a possible pit-stop at 6300 to allow RSI levels to cool down and get new tires to continue its way down. I've been updating this 5k scenario and nothing has chanced. But I was hoping for a touch at 8k to complete the bearish triangle. Unfortunately the bearish sentiment was so strong that we didn't even make the upper touch. This shows a lot of people are seeing the same things and getting ahead of the game. Which tells me that instead 4.9k, we are going to see 5.5 area before a real bounce. Getting close, be patient!
Trade closed: stop reached