9/25/2020 BITCOIN POSSIBLE TRIANGULAR PATTERN FORMATION
Bitcoin might be forming a triangle or possible double top pattern, huge breakout is coming by early october. But since it is very correlated with the stock market, we have to monitor closely on both market structure to identify the breakout direction, if bitcoin breaks and close below the 20 Week MA (140 Days) then it very likely could fill the CME Gap at 9.6k or even heading towards the 50 Week MA (350 Days).
As election is coming and uncertainty arised, it's like a natural reaction from investors for being fearful during this period of mid phase pandemic.
As election is coming and uncertainty arised, it's like a natural reaction from investors for being fearful during this period of mid phase pandemic.
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