ToneVays

The Symmetric Triangle is Ready to Burst... Leaning Up

Long
BITFINEX:BTCUSD   Bitcoin
This pattern can really move in either direction so call it a guess, a hunch or just unrealistic optimism, but looking for a breakout back to the horizontal resistance / 50-day SMA of $255, then with luck maybe even the 200 day.

Bitcoin has had a rough year and even if this is a temp relief rally and we make the ultimate lows in the summer, some positive signs are badly needed for the space.

Check out the latest Analysis articles here:
cointelegraph.com/ne...eb-9-tough-decisions
cointelegraph.com/ne...trend-change-part-ii
cointelegraph.com/ne...tting-a-trend-change

Good luck traders, I usually tweet these out instead of publishing, still trying to figure out the best way to reach readers/followers.

Tone Vays - Content Creator & Derivatives Trader
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