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TheCryptoMonkey
Feb 10, 2020 5:07 PM

Stuck In Giant Triangle; No Upside Until Late 2021 

Bitcoin / U.S. dollarBitstamp

Description

We have been stuck in this symmetric triangle for a couple years now, and it doesn't look like we are getting out any time soon. I have been saying this since the local $14,000 tops were established. We have a chance to fall below $6,000. Expect price action to remain between $6,000 and a declining $11,000 until 2021.
Comments
TheCryptoMonkey
Still doubting my TA? hmmm...got quiet
dstruct
LOL

this is going to age so poorly
TheCryptoMonkey
@dstruct, Aging pretty well as of right now I'd say...
TheCryptoMonkey
@dstruct, What happened?
TradeHappyKyle
Interesting, but linear charts do not apply to Network-based assets, as they grow on a Log and Exponential scale.... try your chart again using Log(y) scale
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