During this time of consolidation at the 7.5K support line, we'll most likely still see Bitcoin make it's way to the trend-line at 7.1k-6.9k, which will be my entry for a long opportunity. If BTC validates the bottom of the triangle, then we can continue into another small bull run up to the 8.8K-8.6k depending on how long it takes to rise.
As for the coming months, we can still see Bitcoin make it's way to the hypotenuse where important decisions will be made. So far the Hypotenuse closing a bit above the 7.5k region, to which we're currently consolidating at, is a good indicator that we'll see a bullish departure.
My targets are,
Buy in at the $7.2k region (after $7.1K-$6.9k trend-line support has been confirmed).
Short at top of triangle @ $8.8K-8.6k
or
Short at the
12K region (Wont be till after triangle breakout).
As for the coming months, we can still see Bitcoin make it's way to the hypotenuse where important decisions will be made. So far the Hypotenuse closing a bit above the 7.5k region, to which we're currently consolidating at, is a good indicator that we'll see a bullish departure.
My targets are,
Buy in at the $7.2k region (after $7.1K-$6.9k trend-line support has been confirmed).
Short at top of triangle @ $8.8K-8.6k
or
Short at the
12K region (Wont be till after triangle breakout).
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