Bitcoin, the Triangle Breakout will be Breathtaking
Bitcoin's price is bouncing between two trendlines that are creating a Symmetrical Triangle Pattern. A perfect accumulation pattern!
There are three main spots (yellow circles) where the price may bounce and invert into a new uptrend.
The pattern is in its final phase and the breakout is close.
The bullish breakout will easily skyrocket the price nearby 2017 highs.
The bearish breakout will be confirmed only if the price will break also the support zone below.
Sky is not the Limit
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
There are three main spots (yellow circles) where the price may bounce and invert into a new uptrend.
The pattern is in its final phase and the breakout is close.
The bullish breakout will easily skyrocket the price nearby 2017 highs.
The bearish breakout will be confirmed only if the price will break also the support zone below.
Sky is not the Limit
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
Comment:
Support is being tested. Will it hold? Probably not!
