thekevin

Arbitrary Look at Macro BTC

BITMEX:XBT   Bitcoin / U.S. Dollar Index
A massive symmetrical triangle has been playing out. This is a neutral chart pattern. Either way (break up or break down) I don't think we will have a decisive break of this triangle this year.

I have outlined how a bullish break could play out. The lines that are drawn have not been analysed in terms of price or time. They are purely conjecture.