hey
basically been suhduding waiting for #BTC to do something, and it sorta did with a pop out of the possible bullflag.
We respected the bottom trend of the major triangle, and instead broke upwards.
If we have broken out successfully, i will be expecting a test of the top trendline with a possibility of a breakout again at $8,500 - $9,000 regions.
On the daily it looks pretty cool, and looks as if we will be testing that top trendline.
However when looking at the hourly there is also the possibility of a final wave down in a descending triangle prior to a breakout.
This could see us testing our $6,685 range.
i lied it actually looks pretty nifty on the daily as well. So keep an eye for a breakout of that descending triangle and a test of the top trend, or a break down for a final 5th leg.
Descending triangle Breakup Targets at $8,500 - $9,000 (top trendline)
top trendline breakup target $11,500 - $12,000
Rejection Target at $6,685
Breakdown Target at $4,668
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