if the RSI bounce that just happened stays above the circle chances are we start the continuation in the ascending triangle. I have two targets for myself here. 1st is new the top of the triangle. The second is the ascending triangle breakout target, should it break to the upside.
Trade active
Targets intact and respecting the pattern thus farTrade active
First Target hit - let's see how btc behaves for target 2Note
If you wanted to buy back for target 2 - It looks like it could be around 385 as a retest of support. if it finds support and holds - it could be a good re-entryNote
Sitting at a support as we speak - it dropping below $404ish would be pretty bad for this structure. if it does drop, we'll want to see it bounce at the $260 rangeNote
Trending up still and on the upper half of the Bollinger Bands - as long as BTC doesn't have some massive correction Target 2 should hit in the next week or two.
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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.