CoinPattern
Long

Bitcoin failed breakout of symmetrical triangle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Symmetrical triangles usually breakout in the direction of the trend which in Bitcoins case is down. Bitcoin initially dropped through the bottom of the symmetrical triangle only to bounce hard the other way on volumes not seen since April. A failed breakouts is a strong indicator. Bitcoin should climb higher.
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