If this symmetric triangle is a continuation and not a reversal, it'll close under the red ice line. If it does, then the price is probably one its way to fulfill the long-term head and shoulders that began in December. Peter Brandt also noted this H&S as the larger part of the smaller 14-week H&S that included the all-time-high.
If it breaks the ice line I'll cash BTC to USD and wait for the buy-back target at $29,800. I should also note that over 5-years I think fundamentally there is no denying either Bitcoin is worth nothing or something, and if it's worth something it's worth potentially any amount. Only 5% of tech-billionaires own any crypto, and Goldman Sachs has just published data that indicates they'll start recommending Bitcoin to their wealth investors. Mining is becoming more difficult, challenging supply, and when the new shards and updates are implemented there will be more utility for it and Ethereum.
So, I'm a long-term holder but in the short-term I have a mortgage, my daughter has dance and cheerleading, etc.
If it breaks the ice line I'll cash BTC to USD and wait for the buy-back target at $29,800. I should also note that over 5-years I think fundamentally there is no denying either Bitcoin is worth nothing or something, and if it's worth something it's worth potentially any amount. Only 5% of tech-billionaires own any crypto, and Goldman Sachs has just published data that indicates they'll start recommending Bitcoin to their wealth investors. Mining is becoming more difficult, challenging supply, and when the new shards and updates are implemented there will be more utility for it and Ethereum.
So, I'm a long-term holder but in the short-term I have a mortgage, my daughter has dance and cheerleading, etc.
