Breakout then retest...

in bitcoin •  2 years ago 

Bitcoin has a bullish setup in the near term...

Bitcoin has broken out of a symmetrical triangle pattern to the upside on the 4H chart.

Since the breakout, it has retested the range and bounced.

Check it out:

image.png

(Source: https://twitter.com/rovercrc/status/1528742646902054912/photo/1)

This is exactly what you want to see from a breakout and continuation.

Some of the targets of this move are listed on the chart above.

Overall, I could see this move going all the to the 36k area...

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Will it carry ETH or will ETH carry it?

Jon, Thank You for sharing Your insights...

Wow! This is good news!
Thanks for sharing.

Thank You for sharing...