symmetrical triangle forming. normally continuation pattern but, well see because the bears seem exhausted. i think we're gonna see a break around the 75% of pattern mark. downside target 3100-3200 which would put btc in the position for a double bottom. at that point we would need a bullish break up past $12000 to break the neckline. Sounds ridiculous but everyone in this space knows how unpredictable btc can be. upside target for this pattern is 7200-7300 at the 75% pattern mark. only time will tell guys but i think that time is coming very soon. personally i think it will be going south with all the uncertainty in equities but if it goes north it might be good momentum for it to perform as a safe haven. keep them stops wide boy n girls.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.