4-10-2018 BTC USDT 18.39 UTC
For the past few months BTC has been making a symmetrical triangle, and right now we are sitting at the edge of it, the whole market has been staring at this pattern so we can expect a big reaction out of this formation also taking into account that for the past month the volatility has severely dropped. A bullish break out of this formation could set us up for a retest of the down trend line currently at 7150. Our bias is generally bullish, but you should always take the necessary measures to mitigate risk, remember to set a stop loss in each position you currently have open and take profits if you consider necessary.
Remember guys, it’s better to not lose than win.