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RE: BITCOIN: Symmetrical Triangle broke out by the top...
@toofasteddie, nice analysis! Today at work with my collegues we discussed for almost 2 hours the triangle/s in BTCUSD pair. Most of them think that the price of Bitcion is slowly slowly bottoming up. But I still want to see at least one maximum (Peak) in the chart that is higher than the previous one. So, only if BTCUSD renews the level of $7400 (the previous Peak) I may consider it as a potential for a trend reversal (we are still in a downtrend on a daily timeframe, at least in my view).
So, we are all aligned then...
Will see what happens 😉
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Yeah, man! We will see. I am very curious about the triangle/s. Btw, from a fundamental point, in my view, only a solid enlargement of the Lightning Network can boost significantly the price of Bitcoin.
Ok, It is too late in Moscow. I'll go to sleep. So, see you later!