Corrupt_Economy

Bullish Ascending Triangle = Target 11K

Largo
COINBASE:BTCUSD   Bitcoin
Looking set to hit 11K soon. We have the breakout of the large descending wedge which gave us a target of 11K. We are now forming both an ascending wedge (bearish) and ascending triangle (bullish) which both seem set to take us to the target before dropping us back to the support of the larger ascending triangle in orange.

Supporting move up to target:

- Ascending triangle
- 8, 13, 21 EMA crossover of 55 EMA (3 hour)
- Back above mid point of BB

Bearish:

- Oversold fisher transform (though I am not worried about this)

Neutral:

- Parabolic sar momentum waning (albeit still bullish)

Choose your stop where you see fit.

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