quantmaven

Bitcoin: Indecision may resolve to the downside

BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin's price has been very erratic over the last couple days. When you don't understand what it is doing, odds are it is tracing some triangle, which now seems to be the case. The pattern is either completed or close to be completed with minute E of intermediary B that could be placed already to the left of my E label or soon (as traced in magenta). The final target of this triangle would be 54k, then the rally will resume upward.
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