Bitcoin about to move bigly...
Bitcoin going to break out in one direction or the other...
Bitcoin has created a symmetrical triangle on the 4h chart that is reaching conclusion.
Check it out:
(Source: https://twitter.com/rovercrc/status/1515714100017483782/photo/1)
Once it breaks out of this triangle in direction or the other it's like to trend in that direction for a bit.
Considering that the triangle happened after a downward move, the odds likely favor a move to the downside, though it's only slightly above a 50/50 outcome.
it's move alright
it moved up
it moved down
it went nowhere
it's right at $40k again
hasn't done much
just keeps going sideways
sideways is better than down
tough to move higher in this environment
same place