TopTradingSignals

BITCOIN Making A Massive Triangle AGAIN?

Kort
BITSTAMP:BTCUSD   Bitcoin
Hello,Traders!
BITCOIN
has a habit of trading in triangles
Small and big ones on different timeframes
And Now one can see
That the coin might be forming its biggest triangle yet
Which implies that it will keep bouncing off the 28k level
But each of the rebounds will be less and less powerful
Until something happens and we see a breakout
Either to the upside or the downside
But if the triangle hypothesis is correct
Then we are currently entering a bear leg of the market
Sell!
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