BTC/USD Bullish Case to go with the bearish Case, short term Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jul 29, 2021 3:35 PM

I posted a bearish retrace case for BTC earlier this morning.

The bullish short term case for BTC is that it may be in a short term ascending triangle.

The measurement that I have on it gives about a 10.5% move up to roughly 44.6k.

I will link the bearish idea to this one.

Thanks!

Comment

⋅ Jul 29, 2021 6:33 PM

so far it looks like the bearish case is going to prevail.

Trade closed manually

⋅ Jul 30, 2021 10:52 AM

The retrace scenario is happening.

Trade active

⋅ Jul 30, 2021 8:54 PM

OKie Dokie - so they faked out the bearish move for now. We made a higher high - lmfao!

Triangle

Comments

geekpe

⋅ Jul 29, 2021 3:55 PM

that could couse other leg up=??? ...that other fomo news
or fake news like amazon accepting btc...

Dawnchorus

⋅ Jul 29, 2021 3:56 PM

@geekpe, I'm not sure if there are any fundamentals or news to coincide with the TA or not.

Dawnchorus

⋅ Jul 29, 2021 4:46 PM

@geekpe, I think that we are more likely to drop, tbh. I posted this only because this was also in the chart.