BTC is currently squeezed in the triangle and I am seeing many signs, that we should break to the upside and hit approximately 21300 and then correct deeply.
Triangles are always 4th waves on the charts, which fits nicely to my eliott wave count. We are in oversold territory on RSI, there are no longs on bitmex, 21 MA is nicely sitting below us, so everything is leaning to the upside move.
Triangles are always 4th waves on the charts, which fits nicely to my eliott wave count. We are in oversold territory on RSI, there are no longs on bitmex, 21 MA is nicely sitting below us, so everything is leaning to the upside move.