This chart explains my thought process as to why I am considering a Running Triangle here. I believe it's important to "dig in", and show you my thought process.
If the price action that we are witnessing is just a large consolidation pattern, then there are at least (3) primary options:
1. Running Triangle
2. Expanded Flat
3. Running Flat
I'm open to all (3) of these ideas, since the market will decide overall. I know there are many that think Bitcoin is in a Bear Market, and price is heading below 10k again...blah, blah, blah! That said,
I'm not opposed to it. Price can go there (below 10k), I'll be fine with it, BUT, before I entertain that bear sentiment, I wanna make sure that I've exhausted all my other options!
Most of my critical thoughts are posted on the chart!
Cheers!
If the price action that we are witnessing is just a large consolidation pattern, then there are at least (3) primary options:
1. Running Triangle
2. Expanded Flat
3. Running Flat
I'm open to all (3) of these ideas, since the market will decide overall. I know there are many that think Bitcoin is in a Bear Market, and price is heading below 10k again...blah, blah, blah! That said,
I'm not opposed to it. Price can go there (below 10k), I'll be fine with it, BUT, before I entertain that bear sentiment, I wanna make sure that I've exhausted all my other options!
Most of my critical thoughts are posted on the chart!
Cheers!