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znaqvi
Jan 12, 2019 7:43 AM

The analyst angle Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

If we continue to bounce between 4000 and 3600 for the next few weeks, we reach apex of this triangle around 3rd of Feb.

The ichimoku cloud doesn't show too much resistance at the apex so I'm leaning towards a breakout upwards around that time as long as we don't fall below the support trendline which is currently at 3511.

This also lines up with seasonal price action historically around Jan-Feb most years.

Also these are the events around that time frame which may influence the direction of a breakout
coinmarketcal.com/en/?form[date_range]=12/01/2019+-+31/03/2022&form[keyword]=&form[coin][]=Bitcoin+(BTC)&form[sort_by]=&form[submit]=&form[show_reset]=
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