Tiny little bump

16 de set. de 2020

For 3 years traders have been waiting for a BTC breakout. On July 20th we finally saw the break above the 3 year trendline. Instead of celebration, we get fear. As in most breakouts, BTC retested the break a month later with a sharp drop on a head and shoulders pattern which held support perfectly, right around 9800. That tiny little drop liquidated many and everyone started calling BS CME gaps, inverted cup and handles. It may retest it again, but that is all it is, a retest. No inverted cup and handle, no BS CME gap, just a retest. Very normal. If it holds, which it looks like its doing, then expect 20k.