nautilusX

BTC Ascending Triangle we've been in since the 6k bottom

Long
COINBASE:BTCUSD   Bitcoin
It looks to me like we're In a large ascending triangle playing out that inverted head and shoulders. The right top is slightly higher than the left indicating some bullishness, but most patterns are still leaning bearish. I think this plays out just like 2014, we have another brief, quick up, followed by a long bear market. we may go down to around $9,875 before heading back up to try at that $11,800.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.