Bitcoin, a classic breakout of the triangle pattern
Bitcoin's recent performance has been impressive.
The standard triangle consolidation breakthrough, and then retest the upper track of the triangle. The current price does not need to continue to rise, as long as it does not fall back, it is confirmed breakthrough.
According to the technical analysis, after the symmetrical triangle breakout, the increase is equal to the height of the triangle. Corresponding to bitcoin price rising to around 0.085 million, an increase of about 20%.
In a bull market, as long as it does not fall below the lower triangle, hold it steadily until the expected 20% increase is reached, and then consider the next steps.
As for the big pitfall. $iShares 20+ Year Treasury Bond ETF (TLT.US)$ If CPI has not run before, cutting the meat today may be a bit too panic. Today, there will be an auction of 30-year government bonds, let's see the results. Currently, it is approaching the 88-90 range, which was the low point in 2022. I don't think it will fall to last year's low point (82-85). If it stops falling and rebounds around 88, it will be a super-sized head and shoulders bottom. On the other hand, if it falls below 87-88, it will be more delicate. Friends who hold TLT can make some plans in advance. I currently hold VCLT, with a dividend yield of over 5% and a not heavy position, so I just hold on to it. $Vanguard Long-Term Corporate Bond ETF (VCLT.US)$
To add another sentence, before TLT breaks through 100, long-term bonds are in a bear market. In a bear market, you cannot use bullish thinking. The stock market is already in a bull market, so the two need to be treated differently.
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本人散户，闲钱投资，名字为系统生成。这里记录投资感悟与趣事。所有言论都纯属娱乐，不是投资建议。此账号为本人唯一社媒平台。
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高贵的阿德莱德 OP : Is Bitcoin actually digital gold, is it an ordinary commodity, is it a tenfold leverage of qqq, or is it just part of diversification of asset allocation, or even a tulip bubble scam? Time will give us an answer.
mubbiiee 高贵的阿德莱德 OP : It's the evil effect of spamming dollars...
wangcaifan : I also replaced the rest with vclt 🥹