LordJon

Bitcoin symmetrical triangle capitulation or....??

BITSTAMP:BTCUSD   比特币
BTC is currently sat within a symmetrical triangle. Breakdown will likely lead to a bearish retest of $28K before making lows in the $23K region. Break up would likely lead to a bullish continuation to test resistance at $34K which could open up to targets in the region of $40k

Shorts currently underwater from the false break down earlier this week
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