Bitcoin, standard triangle breakthrough
This Bitcoin wave is going beautifully.
The standard triangular arrangement broke through, and then stepped back on the upper rail of the triangle. The current price does not need to continue to rise; as long as it does not fall back down, it is a confirmation of a breakthrough.
According to the technocrat, the rise is the height of the triangle after the breakthrough of the symmetric triangle. The corresponding Bitcoin price rose to around 85,000, an increase of about 20%.
The bull market will not change. As long as it does not fall back below the triangle, it will hold steady until the target expected increase of 20% is achieved, and the next step is being considered.
As for the Tai Hang goods $iShares 20+ Year Treasury Bond ETF (TLT.US)$ If the CPI hadn't run before, it would probably be a bit too panicked to cut meat today. The 30-year treasury bonds will also be auctioned today. Let's see what the results are. It is now close to the 2022 low range of 88-90, and I don't think it will fall to last year's low (82-85). If it stops falling and rebounding around 88, it's a huge head and shoulders. Conversely, if it falls below 87-88, it's more subtle. Friends with TLT can make some plans first. I currently hold vclt, the dividend rate is over 5%, and my position is not very heavy, so I can hold it with peace of mind. $Vanguard Long-Term Corporate Bond ETF (VCLT.US)$
As an addition, before TLT broke through 100, long-term bonds were all bear markets. You can't think of a bull market in a bear market. The stock market is already a bull market, so the two should be treated differently.
![Bitcoin, standard triangle breakthrough](https://ussnsimg.moomoo.com/sns_client_feed/71027602/20240411/6ab58d35038c5d37fbd38fa160c0a0ac.jpg/big?area=100&is_public=true)
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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 🥹