This may be where we are heading...

lieutenantdan (80)in #bitcoin • last year

Unless we make a lower low, the path of least resistance should be higher...

It sounds a bit crazy right now considering we can't hold $30k, but we may be heading a lot higher soon.

Something like this seems possible:

The pattern would be invalidated if it breaks below the prior lows.

Technically even lower than those, somewhere around $12k would invalidate the pattern.

The trader would buy now and put a sell around $80k with a stop around $12k.

One could make 3x while risking losing 60% or so... the math works.

last year in #bitcoin by lieutenantdan (80)