michaeldobfx

I am no fan of Bitcoin because it defies market logic but...

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I don't have much time to address, and I am no fan of BTC , never traded it myself before etc...but the chart does not lie. So it seems like Bitcoin is indeed in a bullish ascending triangle . I can't say when the breakout will be, but the volume is declining so I would say fairly soon. Those who are experienced with TA and ascending triangle should also be aware that this may also go wrongly and reverse, as there is also what seems to be a triple top. My primary opinion is long, secondary is neutral. Please, DO NOT TAKE AS FINANCIAL ADVICE. Do your own digging before buying cryptocurrencies. Thank you.

Comments