Bitcoin Posing for a Massive Move... But Which Way?
Updated
Simple chart, simple message:
This is Bitcoin versus the Nasdaq. This is not the US dollar, but rather one way of measuring how well bitcoin does against the stock market.
A breakout is likely to happen soon by Bitcoin. This is not only evident in the basic symmetrical triangles drawn here, but also evident in the relatively low volatility on Bitcoin for nearly a year now.
Which direction do you think Bitcoin (and the crypto market) will break out? Or would you rather wait for a breakout before making any predictions?
This is Bitcoin versus the Nasdaq. This is not the US dollar, but rather one way of measuring how well bitcoin does against the stock market.
A breakout is likely to happen soon by Bitcoin. This is not only evident in the basic symmetrical triangles drawn here, but also evident in the relatively low volatility on Bitcoin for nearly a year now.
Which direction do you think Bitcoin (and the crypto market) will break out? Or would you rather wait for a breakout before making any predictions?
Note
Wow, still hasn't broken out. Looks like we've got a fakeout to the downside at the moment, turned into a wick. Hope this means we can get a true breakout to the upside soon!
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