Bitcoin is on an ending diagonal and it's a pretty strong temporary trend reversal pattern. I expect a few more minor push down before a breakup that will bring bitcoin price to the 4k2 area, all the altcoins will follow as well and I'm sure we're gonna have a green market next week.
So how to play this pattern:
The end of the diagonal is around 2k8 and you can be certain that price won't ever break down of this pattern. So just simply accumulate every time the price hit the bottom trending line ( ~3k ), take profit at least 15% ( 3450 USD).
So how to play this pattern:
The end of the diagonal is around 2k8 and you can be certain that price won't ever break down of this pattern. So just simply accumulate every time the price hit the bottom trending line ( ~3k ), take profit at least 15% ( 3450 USD).