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Bitcoin

Clear triangle forming

Oleh wordsforthewise
Diupdate
Looks like we have a triangle compressing with resolution expected within 2 weeks. I would expect it to move down due to CME gaps, stretched above the 200D moving average, general bullish sentiment, and my bias of hoping for a crash to buy more. It probably depends on the general market, since BTC is highly correlated with the SP500. If we have another liquidity crisis, then down we go. If not, everything probably moves up and could double from here, which seems crazy.
Catatan
Oh yeah, also bearish divergences
Catatan
Still within the traingle...looking like it wants to break to the upside. Could be a fakeout
Catatan
And we've broken out...away we go
Catatan
seems like 23-24k should be first target within a few days
Beyond Technical Analysis
wordsforthewise

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