BITCOIN - 7/21/2017 Midday Update

in bitcoin •  7 years ago 

Bitcoin is riding nicely upwards in an ascending triangle pattern. This is a continuation pattern so I'm expecting a potential breakout later in the day.

I'm still hoping for a reversion to yesterday's breakout level but let's see how this pattern plays out.

gdax-btcusd-Jul-21-2017-13-10-49.png

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hey man, why are you hoping for the reversion, so you can enter more cheaply? Are you pyramiding into this trade or are you only entering if it comes back to the breakout level? cheers!

I'm waiting for the check down to the breakout. I'm skeptical of these moon shoots be they "deserved" or not.