Yuriy_Bishko
Long

Bitcoin, Accumulation in the Triangle!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin can start a new bullish trend from Support line.
We can see big impulse after such accumulation usually on different instruments.
Now BTC takes his volumes for strong movement.
But many people wait for Buy and after the price will touch support near 9500 it will be open many long positions. Big players likes such places to takes more volumes with reaching your stop losses and only after that turn the market into the bullish direction.
Best entry is always after the fake breakout.

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Comment: Many traders likes to found bearish confirmation on this chart, but i think BITCOIN is so good instrument for manipulations and making money for "big fishes". They should let him to die. It's like to kill golden goose that gives you golden eggs))
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Great analysis. Where's bull target? 50k this year?
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@SellHope, thank you!
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@SellHope, maybe 150k! why not)
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Yes, think it good buy zone!)
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@Monfex, thanks for shearing your chart!
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@Monfex, your analysis is great
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btc wont go lower for now. Target is 10400. At least.
Good work!
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