Hello fellow cryptoheads,
There is no mystery in what is coming to BTC as you can see. Make no mistake folks this is the most important move for BTC. The massive ascending triangle would normally break down near apex, and that is 75% chance at the moment. The drop would probably retest the lows zone again and put to rest the triple bottom scenario. The other 25% probability would have a rally pierce the triangle to the upside. As long as price remains above the EMAs it is still chance. For some reason I am bullish even though the technicals are saying bearish. I have pinpointed $6750 is the price BTC needs to break for confirmation of bull reversal. Keep an eye on it.
*Please like or follow if you are happy with this TA.
*Each individual trading position is unique and this information should not be used to formulate any type trading plan.
There is no mystery in what is coming to BTC as you can see. Make no mistake folks this is the most important move for BTC. The massive ascending triangle would normally break down near apex, and that is 75% chance at the moment. The drop would probably retest the lows zone again and put to rest the triple bottom scenario. The other 25% probability would have a rally pierce the triangle to the upside. As long as price remains above the EMAs it is still chance. For some reason I am bullish even though the technicals are saying bearish. I have pinpointed $6750 is the price BTC needs to break for confirmation of bull reversal. Keep an eye on it.
*Please like or follow if you are happy with this TA.
*Each individual trading position is unique and this information should not be used to formulate any type trading plan.