The triangle breakout of Bitcoin was already long overdue making the pattern (probably) invalid. I still think that TA is useless at the moment because of the Tether uncertainty that is in the market lately. Usually when we see false breakout, we see counter moves. But as we can see in the chart we had false breakouts on both sides. Both of them were mostly because of Tether.
During that pump from 6200 to 6800 (and from 6300 to 7800 on Tether exchanges) allot of traders were buying Bitcoin because it was safer to have Bitcoins instead of Tether. These circumstances are exceptional which makes standard TA quite useless at the moment. I know that most people think TA is just about looking at pictures and using indicators, but that is only a part of it. In essence TA is about (buyers and sellers). The price movement of an asset gets created because of "normal circumstances", speculation (traders) and long term investments. We (traders and investors) trade based on information that is known to us. We all know Tether has been variable in crypto but the past 6 months or so it has been very stable. So IMO Tether was a constancy the past 6 months and all the pattern (like the triangle) were formed knowing Tether was a constant factor (where nobody was thinking of). As i mentioned in one of my previous analysis, many levels are not valid anymore expect for certain psychological levels like 6000 and 7000. Also important highs and lows, but not levels because those were shaped when Tether was a constancy and NOT a variable like it has been the past month.
Long story short, were are still inside the range of 6350/6500. Until we break this range there is nothing to add. So i would be very careful with long/short positions until we break this range. If the range breaks, be aware of false break outs. You want to see the break out stay above/below the range for at least a few hours. Best is a daily close above/below it.
In the mean time i would say, broaden your horizon to other markets like the stock market. there has reached crypto levels and i have been giving allot of spot on analysis there. Giving moves that are worth like 1000/2000 point moves of Bitcoin . Even when your not trading it, you will make yourself a more seasoned trader. My early followers know my roots are from the traditional markets, because of my objective view on crypto i was able to catch most of the highs and lows on Bitcoin . Also because i have zero FOMO when it comes to crypto. FOMO has been the nr 1 reason why most traders just kept on loosing this year. FOMO is where professional traders feed on.
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Bitcoin still moving inside the range so still nothing to add on this part. We really need a break of that range.
Good luck to You!