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Tolberti
Jan 27, 2021 10:48 AM

Bitcoin BTCUSD - Falling wedge +Bull flag+ Symmetrical triangle  

Bitcoin / U.S. dollarBitstamp

Description

- Bitcoin is currently consolidating (symmetrical triangle)
- Consolidation is generally interpreted as market indecisiveness, which ends when the asset's price moves above or below the trading pattern.
- We can clearly see a falling wedge or a bull flag continuation pattern
- What i can personally recommend is to wait for breakout above the upward sloping trendline!
- I would not short bitcoin, so better enter a hedge position in case of uncertainty.

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Comments
MasterInvestment
las time having bitcoin go up 360 day ... after having .. any price you buy this year you will be happy bitcoin any time go up 40k usd ...50k usd .. break 50k
and and this year must double price from now ??? .. please think about it .
Tolberti
@MasterInvestment, Yeah, the bull market will last much longer.
Tolberti
@Enes_EXC, You do not need to use 2 accounts to comment my ideas.
Tolberti
@ForecastKing Hello, if you are interested in signals, please check my signature. Thanks
Tolberti
@Enes_EXC Thanks a lot.
Tolberti
Post your questions, comments and related ideas about Bitcoin here. I look forward to your comments!
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