Bitcoin has finally popped this triangle we’ve been in for months now. A good confirmation of the head and shoulders. Volatility is finally back with sellers heavy (maybe that 2bln hitting the market) we could be winding up for a massive capitulation. Either way i intend to profit from the price action. BRING IT ON!
The lower time frames on market cypher NAILED this dump. I jumped in at 10,120. Checked again like 10 minutes later and it dumped hard.
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We could look to test the bottom of this support at 9,100. A bounce here would print a descending triangle. A height of about 11,500 back to the top of the trend line and a target of the 4K’s. We could be in for a nice long accumulation.disclaimer: all subject to sudden change
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A general direction if pattern plays out.
