BitcoinPanjang
Bitcoin Decided to Squeeze Further Into Triangle-Breakout Likely
After attempting a breakout of the downward sloping resistance Bitcoin has decided to squeeze into the remaining space of the triangle it is in. I think it's quite bullish that it even attempted the breakout and consider it imminent. Here's why:
The squeeze is on, the symmetrical triangle is usually a continuation pattern.
Who will win?
The Bulls, or the Bears?
The Bears have 7 months of declines.
The Bulls have a 10 year track record of winning at the bottom support line.
I will put my money on a 10 year trend before a 7 month trend any day. It's all about probabilities, right?
Peace, Love, & Crypto,
B166ER
The squeeze is on, the symmetrical triangle is usually a continuation pattern.
Who will win?
The Bulls, or the Bears?
The Bears have 7 months of declines.
The Bulls have a 10 year track record of winning at the bottom support line.
I will put my money on a 10 year trend before a 7 month trend any day. It's all about probabilities, right?
Peace, Love, & Crypto,
B166ER
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.