The End Is Near For The Bitcoin Triangle
We're finally at the end of this super long triangle and this super strong figure is about to break. It could be the decisive element between a prolonged bear market or the start of a new bull.
Facts :
-This is a bearish triangle
-BTC is under the 200 and 100 SMA
-Market is bearish
-Volume is still declining
-Less and less volatility
-Bounces on the 6k level are weaker and weaker
If you look at the chart, bitcoin really looks weaker and weaker. The odds for me are at 55% for a downside breakout by December.
Stay tuned for more updates,
Fred
Facts :
-This is a bearish triangle
-BTC is under the 200 and 100 SMA
-Market is bearish
-Volume is still declining
-Less and less volatility
-Bounces on the 6k level are weaker and weaker
If you look at the chart, bitcoin really looks weaker and weaker. The odds for me are at 55% for a downside breakout by December.
Stay tuned for more updates,
Fred
Dagangan aktif:
Well I guess the 55% was right, bitcoin finally cracked that 6k base ! Where will be the bottom ? IDK, but i'll definitely buy the dip !
