Bearish tilt on this triangle...but wait there's more

Bitcoin (BITSTAMP:BTCUSD)

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BITSTAMP:BTCUSD Bitcoin

trendline billwilliams cloud triangle bitcoin btc

$BTC has to break one way or the other with this side chop getting way too tight. The tilt is bearish since the trend for many days has been downward. However!, a candle just opened in the cloud and I'll take anything as a bull sign. Targets are sized to ~match the target price and fit with 1.68 fib levels.

Commentaire:

Forgot to mention that the fractals are on there to show a potential stop loss on either side. Just use the most recent candle's maximum value under your long or over your short.

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Also I won't be even thinking about taking a position on a break out without more volume

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