We have formed a triangle after the massive PUMP, that puts above the 9K range.
But I have grown distrustful of triangles with BTC, after seeing a few breaks the opposite direction I was expecting.
I'm looking for the Cloud to act as support before we continue the uptrend, but before I think the triangle will break Down.
Price rejection of higher levels looks quite aggressive in a few places, and the consolidation doesn't look long or strong enough to support another push-up.
We can only wait and see, I'm placing a VERY TIGHT STOP LOSS, to be sure ($90) and getting ready to long at a moment's notice.
But I have grown distrustful of triangles with BTC, after seeing a few breaks the opposite direction I was expecting.
I'm looking for the Cloud to act as support before we continue the uptrend, but before I think the triangle will break Down.
Price rejection of higher levels looks quite aggressive in a few places, and the consolidation doesn't look long or strong enough to support another push-up.
We can only wait and see, I'm placing a VERY TIGHT STOP LOSS, to be sure ($90) and getting ready to long at a moment's notice.