BTC/USD (Bitfinex) Moon to 6800 or Retrace to 4800?

On the 4hr we're in a symmetrical triangle testing upper resistance and lower support. Chance of breaking either way. Upside takes us to ~6800, downside strong support at ~4800. I'm personally feeling a break to the downside but it could go either way, and in Bitcoin land, mostly these symmetrical triangles break to the upside. Swear to god if I see another EW chart, lol.

Trade active

Broke to the upside. Trade active. Target 6600. TP along the way.

Trade closed manually

Triangle broke to the upside but didn't reach the target.

Note

Reached moon target. Should've worked my timelines out better given the hardfork is still 2 weeks away. Lets see if we retest and head to 7k before hf.

billaddison

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