BTC USDT - Bullish Action Wave and NEW Triangle Spotted!
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Just think I spotted something. BTC appears to be making some movement into an updated triangle formation, of which I believe to be creating a more bullish tringle vs. the current wedge it is trying to break.
This could do a couple things here. Will it have enough volume to actually push out of the ABC its in and go north to new ATHs? Or will it try to keep on extending itself by breaking the triangle but dipping again due to lack of volume and sentiment for a bit longer?
IF a bit longer, I can see this making its way into a much more bullish formation as shown in the orange triangle that would surely get the news outlets and watchers in a much more bullish dialog going forward.
Will be watching this like a hawk. I think I still have some time yet to get out of a couple other positions on the upswing (DOGE), and get back into BTC at pop time!
What are you guys thinking???
Just think I spotted something. BTC appears to be making some movement into an updated triangle formation, of which I believe to be creating a more bullish tringle vs. the current wedge it is trying to break.
This could do a couple things here. Will it have enough volume to actually push out of the ABC its in and go north to new ATHs? Or will it try to keep on extending itself by breaking the triangle but dipping again due to lack of volume and sentiment for a bit longer?
IF a bit longer, I can see this making its way into a much more bullish formation as shown in the orange triangle that would surely get the news outlets and watchers in a much more bullish dialog going forward.
Will be watching this like a hawk. I think I still have some time yet to get out of a couple other positions on the upswing (DOGE), and get back into BTC at pop time!
What are you guys thinking???