NeoButane

BTCUSD - Symmetrical triangle to a bullish uptrend?

Long
BITFINEX:BTCUSD   Bitcoin
Although in the short term I believe that $BTC will take a small dip, it's becoming more and more clear that we're starting to make a reversal.

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The white histogram in the back is BFX Longs vs. Shorts. Useful to tell market sentiment.
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RSI ticking up from being oversold, MACD is just about to cross, and the symmetrical triangle is near completion.

Keep in mind this is long; I am certain that we will have more one dip before breakout. Given the fact that the 4H chart is showing signs of an incoming dip, I believe we will continue consolidating into the triangle.

The huge increase in long positions on Bitfinex is a great indicator that traders believe the price will go up from here on out. I am hoping that we go sideways some more between the resistance lines; extreme market volatility by hitting the upper trend line too early in the triangle may shake weak hands out of the game.

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Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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