BTC recently had a break downwards on a big trendline before coming back up and above it. Now that it is a all but confirmed what we saw was a fakeout (red circle), we have to wait to see which way the breakout will really go. I personally believe it will be to the upside (green line), as a bearish breakout has already failed, but I also see the possibility of the price breaking below our big trendline before getting into another big triangle (red line). We will have to see.
Of course this is not financial advice and you should do your own research before you make any decisions.
Any thoughts/suggestions are greatly appreciated in the comments!
Of course this is not financial advice and you should do your own research before you make any decisions.
Any thoughts/suggestions are greatly appreciated in the comments!
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A *little* sooner than I expected but we did break out!