BTC Descending Triangle breakout to mid 20k, here is why
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G'Day Cobbers
Just a quick post to give some hopium, check the chart it says it all. remember this is on a huge timescale and is not t be trader against unless you are looking to buy and hold. This is just a forecast on where it could go based on classical charting rules. It will not go in a straight line but it should develop on the time frame much like the last flag pole.
Good luck and Enjoy.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
Just a quick post to give some hopium, check the chart it says it all. remember this is on a huge timescale and is not t be trader against unless you are looking to buy and hold. This is just a forecast on where it could go based on classical charting rules. It will not go in a straight line but it should develop on the time frame much like the last flag pole.
Good luck and Enjoy.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
Note
Note
This is a clearer view.Note
Bollinger constricting Note
Note
Note
Will we see a breakout of this ugly pattern? Would bring us back to retest 8800, then we will need to break above or we will be looking at another dreaded double top.Note
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