Bitcoin still trading in Triangle pattern. There are 3 triangles in different degrees in play with BITCOIN :
1) One higher degree from 2013 HIGH $1100 (REDLINE) & 2012 LOW $5 ( DEEP GREEN LINE)
2) One smaller degree from 2016 high (RED LINE) $770 & 2015 low of $200 (LIGHT SOLID GREEN LINE)
3) SMALLEST DEGREE 2016 JUNE high (DOTTED red LINE) $770 & 2016 Aug low $460 (DOTTED Green line)
So once number 3 triangle breaks then it has to test number 2 triangle then PRICE has to break number 1 triangle support to go fully SHORT/BEAR MARKET. ANY THOUGHTS? DISCUSSION WELCOME!!!
1) One higher degree from 2013 HIGH $1100 (REDLINE) & 2012 LOW $5 ( DEEP GREEN LINE)
2) One smaller degree from 2016 high (RED LINE) $770 & 2015 low of $200 (LIGHT SOLID GREEN LINE)
3) SMALLEST DEGREE 2016 JUNE high (DOTTED red LINE) $770 & 2016 Aug low $460 (DOTTED Green line)
So once number 3 triangle breaks then it has to test number 2 triangle then PRICE has to break number 1 triangle support to go fully SHORT/BEAR MARKET. ANY THOUGHTS? DISCUSSION WELCOME!!!
