Bitcoin's post pump options for the next 60 days
We seem to be painting either a descending triangle or a symmetrical triangle. The descending triangle would suggest we are in a distribution formation while the symmetrical triangle hints at a continuation pattern. One ends up at 50k and the other shows us hitting 18k. We are going to have to monitor this closely for the next week. I am interested in which support levels are hit. Happy trading.
Komen:
217 blow off top
Komen:
2019 blow off top
Komen:
2016 blow off top that started the parabolic run of 2017. Look how deep the correction. We could lose most of these gains with ease.