Bitcoin was in a consolidation triangle and broke to the upside. There was a flagpole with falling wedge formation that broke down and now price is retested the triangle resistance this time as support. The simple target is the height of the consolidation triangle moved to the site of the breakout. I for one am looking at bitcoin as a weathervane for the broader crypto market and my longs on other cryptos.
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Price has popped up and is 30%-ish on its way to target.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion