CryptoTraderMark10

A very bullish view of the last few months of price action...

BITSTAMP:BTCUSD   Bitcoin
This is just ONE WAY (of many) to see it, but looking at the 4-day logarithmic chart, we can see that what Bitcoin has done is essentially a massive fake-out, falling out of the long-term trend and then sneaking back into it, just before the apex of the giant symmetrical triangle we've been forming since the 20K peak. The current 4-day candle closes in a few hours. If it can close around here or higher, it's very bullish, LOOKING AT IT FROM THIS PERSPECTIVE. But again - there are many ways to draw the lines. Some people are drawing extremely bearish looking giant descending triangles, too, and that's equally valid. These bigger patterns won't be confirmed until they play out and/or morph into new shapes and patterns :)

Cheers and happy trading.

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