baronbloe

BTC Ascending Top Pattern

BITSTAMP:BTCUSD   Bitcoin
Ever since BTC has been dipping hard since around May 10th, speculators, Hodlers, and investors have been looking for the light that shines toward the top again. The recent rally suggests this may be so.

BTC has been achieving consecutive ascending tops for a little over a month. Reaching the 0.78 Fib line indicating it regained most of its price range since May 10th. Although the head and shoulders pattern might (((appear)))) to be invalidated. I remain neutral in a macro view. But hopeful :)

Disclaimer: The opinions expressed are amateur opinions.
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