Tone Vays: Current Price Action Just A Speed Bump; Violent Bitcoin Breakout Coming
Tone Vays is saying this is all a speed bump in the bull market and a violent Bitcoin breakout is coming:
Veteran Trader Tone Vays Predicts Violent Bitcoin Breakout, Says Current Price Action Just a Speed Bump
“This is just a speed bump in the bull market.
We had a 50% speed bump right there (May 2021)… And now, we just had about a 38% speed bump.
I don’t know if the low is in. It’s probably in. The low is probably in.”
According to Vays, Bitcoin is trading within a large ascending triangle in the monthly chart. The technical formation is a bullish pattern, suggesting the continuation of an uptrend once an asset breaks the resistance.
“I can’t wait for this to break out.
And the later it breaks out, the more violent it’s going to be to the upside. [Bitcoin] looks great.
The monthly chart looks absolutely fantastic.”