BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             still trading in Triangle pattern . There are 3 triangles in different degrees in play with BITCOIN             :

1) One higher degree from 2013 HIGH $1100 (REDLINE) & 2012 LOW $5 ( DEEP GREEN LINE)

2) One smaller degree from 2016 high (RED LINE) $770 & 2015 low of $200 (LIGHT SOLID GREEN LINE)

3) SMALLEST DEGREE 2016 JUNE high (DOTTED red LINE) $770 & 2016 Aug low $460 (DOTTED Green line)

So once number 3 triangle breaks then it has to test number 2 triangle then PRICE has to break number 1 triangle support to go fully SHORT/BEAR MARKET. ANY THOUGHTS? DISCUSSION WELCOME!!!

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