Beautiful fractal shows up.
Bitcoin broke some rules in the last bull run, so it will likely go for another cycle of consolidation.
If the triangle confirms, there will be an opportunity to go long after higher low shows up with a target at 17K retest. Risk/reward is good, though I'm out because some alts already had their penalty laps and pitstops, hence offer better opportunities.
By the way, Binance BTCUSD trading volume is the highest today and so is volatility (12815 low) because of massive loads of new money. So I'm not giving numbers, you'll have to adjust to your exchange.
Bitcoin broke some rules in the last bull run, so it will likely go for another cycle of consolidation.
If the triangle confirms, there will be an opportunity to go long after higher low shows up with a target at 17K retest. Risk/reward is good, though I'm out because some alts already had their penalty laps and pitstops, hence offer better opportunities.
By the way, Binance BTCUSD trading volume is the highest today and so is volatility (12815 low) because of massive loads of new money. So I'm not giving numbers, you'll have to adjust to your exchange.
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