iemanifk

Mid-term LONG

Panjang
BITFINEX:BTCUSD   Bitcoin
There was some chance that the ascending triangle breaks down this time because the price was dropping when it entered the triangle. But the overall bullish pattern of BTC for the mid-term remained valid. As you can see in the chart, RSI has been making higher lows in the 4H chart (1D and 1W as well) independent of the price action. I can't see how this pattern could reverse in a mid-term. I think we can breathe a little bit before we see the REAL BLOOD (lower lows) in BTC. Good Luck.
Penafian

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