Bitcoin Breakout Began Yesterday
Bitcoins breakout of ascending triangle began yesterday
Break of the daily descending triangle which had been forming from ATH for weeks has now broken with the potential to reach a 30% upside
When looking at the candle count your position should have begun yesterday on candle 2's momentum above candlestick 1
However we can see your stop loss may have been triggered due to current candle 3 hanging and retesting of support/resistance of 33500 area
I expect the breakout to continue on the daily scale to an upward move of the next 6-7 days concluding near the new target of 37k which will be BTC new ATH. This will reassure the market is still bullish as BTC will look to break its next resistance seen on the chart around 37300
Current candle count is day 3 of 9
Break of the daily descending triangle which had been forming from ATH for weeks has now broken with the potential to reach a 30% upside
When looking at the candle count your position should have begun yesterday on candle 2's momentum above candlestick 1
However we can see your stop loss may have been triggered due to current candle 3 hanging and retesting of support/resistance of 33500 area
I expect the breakout to continue on the daily scale to an upward move of the next 6-7 days concluding near the new target of 37k which will be BTC new ATH. This will reassure the market is still bullish as BTC will look to break its next resistance seen on the chart around 37300
Current candle count is day 3 of 9
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