BTC Moment Of Truth? Ascending Triangle About To Break...

16. Sept. 2017At the moment, I'm bullish. If this breaks up, I will be even more bullish. If it breaks down, I won't be too concerned as long as we stay in this channel. If it breaks down out of the channel, I will start scaling out of some of my positions and see if we potentially move towards a double bottom. But, I'm really expecting to see the breakout and additional FOMO from those who were hoping for 2000;s but missed the 3000 mark. Hopefully this pushes beyond 4k.

16. Sept. 2017

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Breakout currently happening.

16. Sept. 2017

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I will be eyeing 3940 to see if we can break past that point of resistance. If this breakout gives enough momentum, we should be able to push past it and beyond 4000 to ~4150. At that point I will re-asses.

16. Sept. 2017

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Just woke up. Went to bed right before it started falling. Looks like the ultimate pattern formed more of an ascending wedge and 3900 proved to be too much, causing it to break down. We temporarily fell out of the channel and are now barely back in it, currently riding the bottom. The possibility of Bitcoin correcting further is still here. I will be watching closely.