I believe we are at a very sensitive time in Bitcoin judging from its current price. This 430-440 handle is a main trading spot for a lot of BItcoin's big hands which can be seen from previous times on the blue dotted line. The Red Triangle represents another sensitive trigger point in my opinion.
The Call: IF either side of this triangle is violated I see extreme parabolic price action in Bitcoin. Look to be long some alt coins if Bitcoin breaks out. The Alt coins have been in the doldrums overall due to Bitcoin's bearish development over several months since the highs back in Novemeber.
The Call: IF either side of this triangle is violated I see extreme parabolic price action in Bitcoin. Look to be long some alt coins if Bitcoin breaks out. The Alt coins have been in the doldrums overall due to Bitcoin's bearish development over several months since the highs back in Novemeber.