We have a potential descending triangle which is a bearish indicator.
However if we break up of it, we will possibly revisit 7,500 ... and breaking that would lead us to the all time highs potentially.
But if we break down, we will be retesting the support that connects the prior 2 tops this year. If that doesn't hold, it may be very probable that we topped for the year.
Are you a bull, a bear or a pig?
My stance remains neutral at the moment, but I'm leaning towards bearish as there is no catalyst for which bitcoin should rise.
However if we break up of it, we will possibly revisit 7,500 ... and breaking that would lead us to the all time highs potentially.
But if we break down, we will be retesting the support that connects the prior 2 tops this year. If that doesn't hold, it may be very probable that we topped for the year.
Are you a bull, a bear or a pig?
My stance remains neutral at the moment, but I'm leaning towards bearish as there is no catalyst for which bitcoin should rise.
Comment:
Remember, there is STATISTICALLY a 64% chance of breaking down and a 36% chance of breaking upward!
Trade active:
long @ 7200
Comment:
my stop is at 7095 incase anyone wonders
