BTC/USD Possible Triangle Consolidation Pattern Continuation

As i eluded to on my previous posts. BTC including a large number of Alt's are behaving like Triangle consolidation patterns. Now, I've seen these fail many times, more so since Futures were launched, because I think there are many more larger players in the game, and they know what TA's are looking for

However, the price action recently is encouraging. To me it looks like there is massive accumulation being done by large investors. As long as we can stay within the triangle area's, I believe after a few weeks or perhaps months of accumulation, the indicators will get squeezed and prices could lunge into a massive rally. To me, this seems inevitable considering all of the positive news coming out. Average people like traders on Fidelity, TDAmeritrade and Schwab have no way to invest, and obtaining BTC and other coins or tokens is too complicated and intimidating for many. When these large pools of investors are able to invest using Coinbase's index fund and other ETF"s that will be launched, the flood gates will open as soon as they see BTC starting to move up. This will be the great FOMO breakout

Keep in mind, it's not only small investors that will be able to invest. Coinbases new vaults for high net worth individuals and Hedge Funds with FDIC insurance, and their Index fund, is going to reassure these investors that it is safe to dip their toes in the waters . Many have been reluctant to come in, due to regulations and security issues. They certainly don't want to invest 50 to 100 million if there is a possibility that they will get hacked and they have no insurance

If we break the triangle consolodation areas, I've put my best guess alternate correction in Yellow.

Hope you all are doing well
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出