I have been meaning to post this for a few months now. Bitcoin has been operating in this triangle since 2017. I feel the upward breakout from this triangle will be a new step in establishing the new Bitcoin cycle. For me, I would like to accumulate more Bitcoin anywhere below the median of the Bollinger Bands on the weekly as long as we stay within the triangle. Anywhere near the 6000s would be the best opportunity to load up if we get there. I am not interested in making any predictions as to the certainty of it reaching there. The blue line is where I will be buying aggressively.
This triangle can be drawn in many ways. The way I have drawn it just fits my vision. So for the longterm I feel breaking out of this triangle will have major meaning. I would like to see the price around $16000 by the end of this year and maybe then we can start talking about the unrealistic $50000-80000 predictions.
This triangle can be drawn in many ways. The way I have drawn it just fits my vision. So for the longterm I feel breaking out of this triangle will have major meaning. I would like to see the price around $16000 by the end of this year and maybe then we can start talking about the unrealistic $50000-80000 predictions.
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We stay winning!