davisp83

Two bullish breakout confirmations, but are we out of bull gas?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Cup and handle breakout followed by consolidation and ascending triangle break out. I'm looking to close my long at $7.5K and improve my short entry price average on the way up. I think this bull trend is almost out of gas and we are headed lower in the short to mid-term finding yet another lower high in our sustained bear market dating back to early 2018. It's possible, but not as likely that we set a new higher high and break the bear market structure.
Penafian

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