Bitcoin Decided to Squeeze Further Into Triangle-Breakout Likely
After attempting a breakout of the downward sloping resistance Bitcoin has decided to squeeze into the remaining space of the triangle it is in. I think it's quite bullish that it even attempted the breakout and consider it imminent. Here's why:
The squeeze is on, the symmetrical triangle is usually a continuation pattern.
Who will win?
The Bulls, or the Bears?
The Bears have 7 months of declines.
The Bulls have a 10 year track record of winning at the bottom support line.
I will put my money on a 10 year trend before a 7 month trend any day. It's all about probabilities, right?
Peace, Love, & Crypto,
B166ER
The squeeze is on, the symmetrical triangle is usually a continuation pattern.
Who will win?
The Bulls, or the Bears?
The Bears have 7 months of declines.
The Bulls have a 10 year track record of winning at the bottom support line.
I will put my money on a 10 year trend before a 7 month trend any day. It's all about probabilities, right?
Peace, Love, & Crypto,
B166ER
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle