Bitcoin looks to be forming a beautiful ascending triangle.
Looks like we're approaching the end of the corrective wave D, then we may head back down for a few of days to form E (look out for divergence buying opportunities for the dip) before going for the breakout just before Christmas time.. Expect high volatility for the price to be thrown around a bit before we head up decisively. Initial target is equal height of the ascending triangle - almost exactly $25,000.00
This makes perfect sense given the highly psychological figure of 1/4 of a century which would always act as resistance even without the technical aspect.
Professionals would be selling well before then so look to decrease risk levels accordingly whilst keeping some skin in the game
Looks like we're approaching the end of the corrective wave D, then we may head back down for a few of days to form E (look out for divergence buying opportunities for the dip) before going for the breakout just before Christmas time.. Expect high volatility for the price to be thrown around a bit before we head up decisively. Initial target is equal height of the ascending triangle - almost exactly $25,000.00
This makes perfect sense given the highly psychological figure of 1/4 of a century which would always act as resistance even without the technical aspect.
Professionals would be selling well before then so look to decrease risk levels accordingly whilst keeping some skin in the game