TEXAGG22

Intial Breakout Target--$4200

Short
TEXAGG22 Updated   
BITMEX:XBTUSD.P   Bitcoin
If/when the breakdown from this triangle occurs our first target is 4200 USD, after that I expect a bull trap/ded cat before more blood is spilled. Ultimate targets remain below3k. This is a short term analysis, bear in mind we are in a much larger triangle that has a price target taking us to zero usd.

Red Boar

p.s. I apologize that my posts have not been enthusiastic or revolutionary lately...there honestly isnt much to say anymore, I have pretty much made my views very clear and at this point all I/we can do is wait....also the family has been keeping me pretty busy as of late. Thank you guys for your support.
Comment:
A perfect breakdown at the apex of triangle,a retest could rekt alot of late shorters so be prepared for it, if we have any strength at all we should retest apex line....will update after daily close today.
Comment:
Here is a quick update I shared on another chart, but first I just want to say wow, that was such a beautiful breakdowna and retest, this chart really shows it perfectly (the orginal post) however after that we just went stagnant for dayyyys, anyways I am not sure if the sideways action after breakdow and retest invalidates anything (it may IDK if you do please share) or not but we will continue to monitor the situation


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.