Ascending Triangle or Right Shoulder Forming? Either way....

BTCUSD BTCUSD

To my untrained eye, what's going on is this: as traders in the western hemisphere shut down for the night, those on the other side are just starting to get busy. And by busy I mean do what they have been doing best after their lunch hours (at least as of late): run up the price on BITCOIN, with altcoins following suit big-time, and then watching us FOMO in through our morning breakfast before taking profit gradually as their evening winds down and they go to bed--and then it's up to us to continue or break the cycle, with or without sprinkling in a little shakeout here and there.

The evidence suggests what little's left of today is going to be a shake and break-out (upwards) type of night.

A completely buffoonish hypothesis, I know, but one that must be propounded no less. (Inferences to the best explanation require poor ones, do they not?)

Yorum:

Looks like I was correct for once!