BTC break the tri-angle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
17124 80
BTC break the tri-angle
Let's buy the pull back!

3867-3924 is potential buying zone.

AIM 5400
Trade active
Comment: nice rally
perfect gartley
Gartley Rocks!
Trade closed manually: Break New low, Trade exit
We are almost near to target. What will happen next?
Trade exit was stupid. This is an inverse H&S. right shoulder is forming. zoom out brah
Mic Drop. I called this BTC bottom within 6 dollars back on Sept 20th. We have hit bottom. BTC already capitulated when we fell through the termite infested floor and crashed to 3k. Now we're looking at a potential inverse H&S forming with a pattern target around 5.1k.

@tntsunrise What do you think now? Since we are in $31xx range, is this is the best time to grab more BTC and sell it around short term targets? What will be the support level form BTC? is it $28xx?
@tntsunrise hey thanks for the charts, i want to ask you about your long-term opinion about Bitcoin, based on your vision and expertise how do you think BTC will perform for the next years?

Also there's a little chart i did by digging a little bit, i took in consideration the % from high to low and the duration from the ATH1 to ATH2 so we can have an estimation of the recovery duration, so there's what i came up with.
Ravenk Ravenk

Juste don't pay attention to the green 90% actually it's +1000%
@Ravenk, I'm surprised that active traders choose to trade in Crypto as the sentiment can quickly turn and often even clear indicators can quickly be wrong.

My personal opinion, though, is that Bitcoin still has a long ways to fall primarily because of the huge run-up from the "alts". I'm sure there are many of these coins that are little more than cash-grab scams or theoretical ideas that have no plan in place and those have to dissolve and they will bring BTC down with them for awhile.

The long term view though is quite good, but there is no firm "bottom" to how Bitcoin can go nor to how high. You just have to be patient and follow the longer trend. BTC still seems to have more bad days than good, so I'm staying out until it has positive energy again.
+1 Reply
Ravenk kirkhilles
@kirkhilles, Yeah that's true, i'm doing dollar cost averaging right now so when prices are low i get some, until the bear market is gone then i'll put some of it into alts to benefit from the bull since alt go high faster
@Ravenk, need to find weekly chart
+1 Reply
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