GerryB

Into the Corner? Update

Long
BITSTAMP:BTCUSD   Bitcoin
I initially had three triangles within the larger neckline. The first has been broken and the second currently in play. The third is indicated by the dotted orange neckline. It would be better to have more consolidation within the current triangle and will support the closing of the 200/50 sma even better, close to 14 Sept. The 50sma is still on par with the blue median. Behaviorally this is what I see.
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