gtra8

Breakout Dates

BITFINEX:BTCUSD   بتكوين
This is a real quick one for those interested on when bitcoin will take a definitive direction.

This is not financial advice but my personal opinion.

I've kept this one simple as I just want to show potential breakout dates of the huge pattern we've been forming.

A break down signals a long crypto winter and a break up will be confirmation of trend reversal which will spark a new bull run eventually.

Key dates are 30/09 due to the SEC decision on the CBOE Bitcoin ETF which is taking place as the pattern is very narrow on 30/09. A delay here would signal a neutral outlook, a denial could break us downward from the descending triangle of 2018 and an approval could trigger an upward break.

Should the neutral outlook play out - the pattern has nowhere left to go after 30th October and we will know - based on seasonlity of bitcoins trend I would have a bullish bias if we are still within the triangle come late October or a neutral outlook with further sideways action signalling a true consolidation phase.
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.