ZChartDoc

BTC at Business End of Triangle - Breakout or One Last Dip?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has had its ups and downs over the past few years, but now finally looks ready for a sustainable new bull run. That being said, there is certainly room for one more pullback over the next weeks/months, which would set up nicely for a Q4 breakout.

I'm already long and looking to add more if a significant pullback. In that scenario, I see $6k as the floor and would start laddering in around $7.5k. That might be the last good buying opportunity for the new cycle. Exciting times!

Comments

Thanks for this wonderful insight, here's what I think
+2 Reply
my short term view
+1 Reply
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