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RE: BITCOIN: One Chart That Says It All
Dear @aezakami, it is the first time i am looking such graphic, normally all others are looking Fibonacci lines...:)
Your triangle will end on the middle of 2021 as i can suppose, than what will be?
Hello @intellihandling and thanks for stopping by!
I don't think that Bitcoin's price action will remain inside the triangle until we reach the end of it. It will eventually break the upper or lower line - the upper one, most likely. I didn't use on purpose any indicators or tools, because I wanted to reveal how easy BTC's price action can be placed in a pattern, especially on this big time-frame. Closing this current monthly candle above 9200$ will put us in a new bullish cycle, with new all time highs to be reached.
I was curious about the opinion of other users, about when and how we will break this pattern... but unfortunately there's no audience on this subject, or my blog is too unpopular.