BTC technical update - Revalidated triangle pattern

in #bitcoin7 years ago (edited)

I posted a symmetrical triangle pattern yesterday and today we bounced right off the triangle. This revalidates my belief that once we breakout on either side, it will be a huge move. Keep watching closely and wait for breakout signals for trading.

Here is yesterday's post before today's candle:
https://steemit.com/bitcoin/@ramanbindlish/eth-breakout-case-study-btc-will-repeat

My target for this week is to retrace to upper end of triangle and hitting somewhere around 16k before we see whether it breaks upwards or hit resistance.

Sort:  

Look forward to hear from fellow bitcoiners on what they think about the recent consolidation.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 55789.30
ETH 2345.53
USDT 1.00
SBD 2.31