Bmoody92

Test of the symmetrical triangle

BITMEX:XBTUSD.P   Bitcoin
Earlier I posted about the formation of this symmetrical triangle. As of right now we are trading on the .236 and the edge of that triangle. Failure to support at this level will result in $6000 possibly $5300. I find this rather difficult to believe it will happen. This trend has been very strong. That mixed with the thin Ichi cloud approaching makes me lean slightly bullish. Best option is to not have any positions open.
Penafian

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