Now that we finally bottomed (I think bottom around 9k was the real deal) we resumed the multi-year bull trend. Based on historic data, after negative moving average cross, we have one sharp fall and then the resistance is broke up in one move (on daily). We will see how it goes this time, but so far the multi-year bull trend in BTC is intact, which means that this big triangle should be resolved up. See also my other recently published ideas, showing similar conclusions based on Ichomoku clouds and the weekly chart. Happy holdling and trading! Do not bet on another leg down, the train is departing right now, don't be late ;)
Comentário:
The triangle still holds and as long as it holds the bullish trend on weekly is not reversed. HODL tight :)
