BTC - Is This The Pre-Breakout We Have Been Waiting For?

BTC - Is This The Pre-Breakout We Have Been Waiting For?

By Oligon | structure_trading | 15 Jul 2019


Bitcoin is currently slowing down and setting up for what seems a pre-breakout inside a triangle pattern. This type of patterns following an impulsive bullish move, as we saw on Bitcoin since the beginning of June, mean that a continuation is likely and that we should see a move that goes for at least the height of the triangle.

I will be watching this one closely the next days, as it will be determined how soon we’ll hopefully see this breakout!!

Let me know what you think in the comments below and thank you for reading this.

 



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