HenryVanEpps
Long

Bitcoin Bullish Ascending Triangle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As tether news erupts revealing that only 76% is backed by USD reserves, people will sell for bitcoin thus increasing the price on bitfinex over other exchanges. A rally to 6k from here would be 5600 on other exchanges, and 6,400 would be 6k. As for TA, we have an ascending triangle pushing us out of the resistance zone and a strong support at 5k proven by that dipping wick. My target for this week is 15% or 6,400 and 6,000 on bitmex.
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