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DrDovetail

a monthly close above this green triangle would be very bullish

Long
Bitcoin (GEMINI:BTCUSD)  
DrDovetail Updated   
GEMINI:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Bitcoin (Cryptocurrency) Symmetrical Triangle Inverse Head and Shoulders monthlychart monthlyclose
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trendanalysis chartpattern indicator btcusd btc bitcoin symmetricaltriangle inverseheadandshoulders monthlychart monthlyclose
just a few days away from the monthly candle close and these 2 patterns looklike the ones to keep an eye on on the macro level.
Comment:
great news we closed the monthly candle well above the top trendline of the green triangle...I anticipate the followup monthly candle will retest the top trendline of the triangle but ultimately confirm it as support by the time it closes.
Comment:
very close to reaching our initial purple bullish breakout target here! We are within a pip and a half of the target always a wise spot in my opinion to start taking profits and dialing back long positions laddering them out the closer and closer we get...we could continue up without a correction to the second target but its best to play it safe as a correction could easily come very soon before we continue up to the green symmetrical triangle breakout target. **NOT FINANCIAL ADVICE**
Comment:
1st target hit and we are now approaching the green target! Exciting times!!
Comment:
the second green breakout target has more or less been hit now too!
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