BTCUSD - Symmetrical triangle to a bullish uptrend?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Although in the short term I believe that $BTC will take a small dip, it's becoming more and more clear that we're starting to make a reversal.

The white histogram in the back is BFX Longs vs. Shorts. Useful to tell market sentiment.
All indicator arguments are shown

RSI ticking up from being oversold, MACD is just about to cross, and the symmetrical triangle is near completion.

Keep in mind this is long; I am certain that we will have more one dip before breakout. Given the fact that the 4H chart is showing signs of an incoming dip, I believe we will continue consolidating into the triangle.

The huge increase in long positions on Bitfinex is a great indicator that traders believe the price will go up from here on out. I am hoping that we go sideways some more between the resistance lines; extreme market volatility by hitting the upper trend line too early in the triangle may shake weak hands out of the game.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out