Bitcoin is primed for BULLISH breakout, but not yet.

2 ott 2018

As you can see on the chart, its obvious that this market is ready to turn around. All the signs are showing a bullish breakout should occur, however the short term trend within the triangle suggests another drop of about 7% or so, before that happens, reason being a double top has formed with 2 distinct candlewicks, (multiple signs of weakness), as well as the short term support has been breached. The price should come lower before breaking out of the triangle with bullish breakout.