Bitcoin has finally popped this triangle we’ve been in for months now. A good confirmation of the head and shoulders. Volatility is finally back with sellers heavy (maybe that 2bln hitting the market) we could be winding up for a massive capitulation. Either way i intend to profit from the price action. BRING IT ON!
The lower time frames on market cypher NAILED this dump. I jumped in at 10,120. Checked again like 10 minutes later and it dumped hard.
The lower time frames on market cypher NAILED this dump. I jumped in at 10,120. Checked again like 10 minutes later and it dumped hard.
Note
We could look to test the bottom of this support at 9,100. A bounce here would print a descending triangle. A height of about 11,500 back to the top of the trend line and a target of the 4K’s. We could be in for a nice long accumulation.disclaimer: all subject to sudden changeNote
Note
A general direction if pattern plays out.
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Disclaimer
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.