FrederickDupont

A Powerful Move Is Coming On Bitcoin

BITSTAMP:BTCUSD   Bitcoin
What's up guys ! Hope you're doing well with your trading. On the daily, 4h and 1h charts we can see this massive triangle consolidation. It's not really bearish or bullish, this triangle just signal us that we should have a powerful move soon, up or down. I said 60% down and 40% up because I don't think this correction is over yet, I think bitcoin could see the 9000$ level and maybe even lower at 8k. However, if we break this triangle upside, most likely bitcoin will go retest it's previous high.

Stay tuned for more updates,

Fred

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