BITCOIN Expanding Triangle breakout?Should I be worried and cut my losses because of the war in the Middle East and the impending recession?
For me, no. The lower time frames are full of noise, and if you know your game plan, don’t panic. If you are a long-term investor, that’s fine; if you like to DCA, you’re doing great! What’s important is knowing when to exit.
For me, I'm still bullish unless we break the protected low at GETTEX:48K , because that might be when I need to change my bias.
If you notice the chart, it has retested the expanding triangle three times. I think the fourth retest will be rejected again, but the fifth one will definitely break out.
I think my safe exit will be between $95K and $100K, but we’ll see because we’re not market makers.
