Bitcoin looks primed and ready to fly

We've all heard the phrase, "that looks text-book" or "yea, that's text-book".

Usually there aren't actually text-books that describe what we are talking about, but most people still get the gist of what we are talking about.

Well, with the way bitcoin is currently trading right now, it literally looks text-book...

Here's the book talking about reversal patterns and trendline breaks:

(Source: https://twitter.com/caprioleio/status/1387351723472261121/photo/2)

As you can see, the price tends to break a trendline, then pullback towards it or "throwback", and then it's off to the races.

Makes sense as people sell the surge and buy the new found support.

Well, that is exactly what we are likely seeing right now with bitcoin...

Does this look familiar?

(Source: https://twitter.com/caprioleio/status/1387351723472261121/photo/1)

We have a little more chop before it's take-off time, but the odds greatly favor a big move up from here.

The only question I have is what happens to altcoins when bitcoin starts moving up significantly?

Do they go along for the ride or does value get pulled out of them?

We are about to find out...

Stay informed my friends.

-Doc