MikeWhite80

Approaching edge of ascending triangle 5 months in the making.

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BITSTAMP:BTCUSD   比特幣
New Year's marks potential massive breakout of ascending triangle that has been forming or 5 months.
Big move up or big move down but BIG regardless. My guess is as follows...

1. small break to the upside (810-820, every man and his dog will open leverage longs)
2. one final push down below support to flush out the over leveraged positions
3. then it's moon / Mars time.

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