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centuo
Mar 31, 2020 9:58 AM

Nobody is looking at this BTCUSD symmetric triangle Long

Bitcoin / U.S. dollarBitstamp

Description

Nobody is looking at this symmetric triangle at the one hour BTCUSD chart. I personally give 60% chance that this triangle breaks to the upside and 40% change that breaks to the downside, due to the current conditions. We are now in uncharted territory considering the global economy and current issues with the pandemic. However, with the infinite QE announcement and the corresponding fiat issues, we might start recovering and get back to the 8000 dollars level.
Comments
Sisif_trader
if you follow the longer trend line(the one that started at 10k), it will take you down anyway eventually :). Hope you are right.
centuo
@Crocodiliul, You are right, that is why we need to have a strong break out to the upside, if so. Let's see how this play out.
walid.mejdoub
no body looking at it because it does not exist. Sorry but wrong drawing
Protixder
Protixder
expecting breakout
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