BTC Mother of Patterns (Hella Bullish)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bullish Cypher , Inverse H&S , Breaking Out of the Wedge all point to one thing and one thing only: A determined rise to $17k. What happens after that? Your guess is as good as mine. Will people start breaking even and taking small profits or will the climb continue? That remains to be seen but for now, we have strong movement in favor of the bulls from here.
Mar 17
Comment: So far so good.
Mar 19
Comment: A to C or A to B to C. We'll see.
thanks man, but are we sure the dip it's over? Looks like a bull trap to me.. Basing on my opinion the big bounce should happens at 7.. But i hope you are right
JefeCaan Alex_B1M
@Alex_B1M, Might take a few days. This will probably rise from here and will drop on weekend. I think a rise to $10k then back to $8k and then we break out towards $16k from there.
JefeCaan JefeCaan
@fakhan, I wouldn't count on the drop again to $8k though because a lot of strong reasons for a strong rise.
+1 Reply
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