BTC UPDATE 3/22

Now here we go, you see why I emphasize the objective POV when looking at charts all the time. Last BTC TA I posted was filled with bullish calls because bitcoin was breaking up but I made sure to mention that this could be a bull trap and that there is major resistance at 9.2k...now look what happened

Bitcoin hit that resistance like a stone and dropped to 8.5k...now I do think we see more upward movement here.

Bitcoin is in a huge symmetrical triangle, that when it is known which decision its going to take, it will be a strong, long push in that direction.. here's what I'm talking about:

THE BULL CASE: BTC breaks upward while RSI breaks upwards too and BTC makes its way to ATHs by July-August

THE BEAR CASE: BTC breaks downwards, RSI follows, multi month bear market and new yearly lows reached

I'm playing the triangle, looking for the bullish option but also prepared for the bearish one with cash on the sidelines and shorts ready.. play the game well mate.

I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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