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smumoot
Apr 8, 2020 1:19 PM

If TA means anyting right now...  Long

Bitcoin / DollarBitfinex

Description

I see 5k - 8k range until the summer based on this very long-forming pennant going back to 2016. I would be very concerned if we broke below 5k and stayed there at this point, and jubilant if we at any point in the summer we close a week above 8k because it should confirm a breakout. Seems like we are coiling up over a long time frame. If you believe this will pop to the upside, long buy orders set around 5k-6k will likely get hit sometime between now and the summer. If you want to make sure you get an entry, now or anywhere under 8k is a good price in the very long term.

Comment

I am really just posting this so I can have it in writing in case I'm right later :)
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