The Symmetric Triangle is Ready to Burst... Leaning Up

11 Feb 2015

This pattern can really move in either direction so call it a guess, a hunch or just unrealistic optimism, but looking for a breakout back to the horizontal resistance / 50-day SMA of $255, then with luck maybe even the 200 day.

Bitcoin has had a rough year and even if this is a temp relief rally and we make the ultimate lows in the summer, some positive signs are badly needed for the space.

Check out the latest Analysis articles here:
cointelegraph.com/news/113453/bitcoin-price-analysis-week-of-feb-9-tough-decisions
cointelegraph.com/news/113408/bitcoin-price-analysis-week-of-feb-2-trend-change-part-ii
cointelegraph.com/news/113365/bitcoin-price-analysis-week-of-jan-26-spotting-a-trend-change

Good luck traders, I usually tweet these out instead of publishing, still trying to figure out the best way to reach readers/followers.