Bitcoin forms a pennant pattern This could have Bullish or Bearish continuation I think it would be Bullish continuation with retest after reaching 42k
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Three more weeks and altseason will start like it was in April 2017 with exact same stop on half way to ATH this time it would be at least 120k per Bitcoin. May be a little bit slower, but till end of Summer at least the 3x is in Bitcoin 4x ETH and more in many other altcoins
Why bullish? There is extreme fear in the market and volume is low. Institutions aren't going to push the price up. They buy slowly so they can buy at cheap prices while there is fear in the market.
viparmenia
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@JohnTraden, exactly, because fundamentals didn't changed nobody stop printing money even more, next month the 6 trillion US Budget would be approved.
MathiasSandorf
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I've got a similar view mate - we're trading in a triangle and a break is incoming. Based on the decreasing volume profile I'm more inclined towards a break into the 20s however, so will wait to see how this plays out and will be buying on confirmation. Happy trading.
viparmenia
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@MathiasSandorf, I prefer to hodl do not trade as of rally usually begins so fast that one need to stay allways online to catch it.
TraderMarcia
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Sha don’t burn your money, 😂 there is no bullish pennant anything! That’s a down hill, down the hill Bitcoin goes lol
viparmenia
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@TraderMarcia, now after you said that I could see it. OH MY GOD WE ALL GONE DIE.