BTC V pattern idea

١١ أبريل ٢٠١٧

It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me technicals but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle.

Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play.

It is just a thought and it shouldn't be treated as trading advise