Guys, I know, everyone has been discussing the descending triangle but give this a quick look.
The pattern forming is a text book Symmetrical triangle. A continuation pattern resulting from the current uptrend which started April 2nd.
In contrast, a descending triangle is usually a continuation pattern resulting from a current downtrend, or bear market, which we are currently NOT IN.
BAKKT has opened with little result, however we didn't dump. Retail bitcoiners will be attracted to a sub 10k price which will begin the pump.
BAKKT is a good thing.
I believe BAKKT will create the FOMO required for smart money small investors to flock to a sub 10k bitcoin.
Remember, Bears in the space are bulls at heart.
Happy trading.
The pattern forming is a text book Symmetrical triangle. A continuation pattern resulting from the current uptrend which started April 2nd.
In contrast, a descending triangle is usually a continuation pattern resulting from a current downtrend, or bear market, which we are currently NOT IN.
BAKKT has opened with little result, however we didn't dump. Retail bitcoiners will be attracted to a sub 10k price which will begin the pump.
BAKKT is a good thing.
I believe BAKKT will create the FOMO required for smart money small investors to flock to a sub 10k bitcoin.
Remember, Bears in the space are bulls at heart.
Happy trading.