AXLP

BTC breakout - december 2020

AXLP Updated   
BITFINEX:BTCUSD   Bitcoin
This are my thoughts on BTC, they are meant to give you an idea, not trading advice.

According to the textbooks, a triangle pattern breaks out around 75% of the pattern.
If you look at the large frame BTC triangle pattern, we are not there yet.
Considering how BTC is following the stock market (S&P), and also a potential 2nd wave of COVID19, things will drop in the short term.
Around december 2020 the BTC triangle pattern will have reached over 75% of the pattern, and so it will start climbing.

Be there to start the BTC adventure!
Comment:
Man it would be beautiful if btc played out like this.
Comment:
look how it's climbing these lines. Love it when it does that. It could still break to the upside if this can hold.

These are my thoughts only, meant to give you an idea, not trading advice.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
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