It took a while for BTC to make up its mind and instead of breaking out of it's previous pennant, it formed a larger surrounding pennant (See my last post).
This larger pennant is currently being broken (marked breakout on the chart).
Look for Bitcoin to start moving up towards a new all time high in the coming days.
Circled in yellow on the chart is my target area.
This larger pennant is currently being broken (marked breakout on the chart).
Look for Bitcoin to start moving up towards a new all time high in the coming days.
Circled in yellow on the chart is my target area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.