No one is 100% sure, so I just you my idea of Bitcoin.
I think it will go sideways for several months, until August or even september before it will finally breaks out of the ascending triangle.
So only profit for short times. After the breakout (and possible retest), very nice bullish time to make a profit.
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Im taking a short-sell position on BTCEUR as I explained in yesterdays educational post (I believe Crypto is due for more losses based on my technical analysis)
What we have here is a wedge (or contraction in my books) leading to the 38.2% of the recent high to low of the swing of price.
Im targetting 123.6% of that move but will be happy to get out even at...