cryptopicasso

Running out of room in the Triangle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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4
BTC is going through a massive accumulation currently - although its still a coin toss it does look slightly bullish as bulls have defended the support area of 212 three times now - creating a "triple bottom" - note that this support line is the same line of the top of the ascending triangle that was broken out to create our run to $315
In my eyes bulls are holding price above previous accumulation zone. If Bears push us down through support we will most likely zig zag down to $120
Waiting for a break either way before entering a trade - not gonna gamble in the chop

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