Hello my friends!!!! Let’s get right to it!
As you can see BTC broke the traingle consolidation with great volume! This is VERY bullish to see.
But is Bitcoin bullish or not? Are we still in a downtrend?
BTC will remain bearish untill it breaks the second blue resistance line. I marked the bullish area in white. So for now It seems that BTC is going to be bullish, but we haven’t got a confirmation yet that BTC is staying inside the white illustrated polyline.
BTC will be very bullish if it gets into the green illustrated polyline. If BTC reaches this green area, It has broken the overall resistance which has not been broken since January.
At this moment I am bullish about BTC, but we have to wait for a confirmation to get into the white and green area.
Let me show you the horizon,
Greetings, Krypton!