TheProfitableTrade

Symetrical Triangle. Text book.

Long
BITSTAMP:BTCUSD   Bitcoin
Guys, I know, everyone has been discussing the descending triangle but give this a quick look.

The pattern forming is a text book Symmetrical triangle. A continuation pattern resulting from the current uptrend which started April 2nd.

In contrast, a descending triangle is usually a continuation pattern resulting from a current downtrend, or bear market, which we are currently NOT IN.

BAKKT has opened with little result, however we didn't dump. Retail bitcoiners will be attracted to a sub 10k price which will begin the pump.

BAKKT is a good thing.

I believe BAKKT will create the FOMO required for smart money small investors to flock to a sub 10k bitcoin.

Remember, Bears in the space are bulls at heart.

Happy trading.
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