BITMEX:XBT   Bitcoin / US Dollar Index
Will this .618 - .786 Fib Retracement cap continue to hold price down or will we see a break in pattern with the next volatile swing?

The symmetrical triangle is simply a period of indecision and as most of you reading this know, Bitcoin -0.10% has been suffering the indecision of this bear market for 9/10 months now.

If I had to pick a direction right now, I would be 75% on the sell/short side aiming for the lower FIb extensions shown in this chart.

If we break pattern and get above the .618 - .786 cap we keep seeing I would expect the upper Fib extensions

If the latter happens expect to see lots of these charts

In conclusion, Leaning short until proven otherwise.

Idea by Jack.
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