LeeBit

ideal triangle pattern formed. btc will go to 50k.

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BITMEX:XBTUSD.P   Bitcoin
just moment ago, ideal triangle pattern formed.

price looks likely go up up to 50k, and falling price movement is actually very good sign.

4h chart show us that price still have room to rise to 50k.

15m chart show us that price movement formed a ideal triangle chart.

i bought short at 47200.(after waiting very very long time)

and i will buy long at 45300 ( Test points above the 4 hour chart, and bottom of triangle pattern)

if price go below 45300 i expect price will bounce at 44900. (and form rising wedge.)

stop loss 44700 ( if price go down to 44700, then i expect price go down to 43700, tp1, typical triangle pattern.)
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