Bitcoing is breaking all key level, and now what?
Updated
As we can see illustrated in the chart below, Bitcoin currently has overcome the very strong 10k resistance, this means that the next one is around 12,000. Okay so now we are halfway between the two key levels and we see a pennant forming (triangular bullish formation), measuring the flag pole (13.2%) we can predict that after breaking the resistance of the formation, the price will raise the minimum of 13.2% this would mean that it will exceed the resistance of the 12k and will continue in a strong uptrend.
In the analysis you can find:
- Target points of the two bullish operations
- A short tutorial on how to use pennants in a bullish period
- Complete BTC market cap
- A big view of the BTC price
In the analysis you can find:
- Target points of the two bullish operations
- A short tutorial on how to use pennants in a bullish period
- Complete BTC market cap
- A big view of the BTC price
Trade closed: target reached
The first target was reached +10% The crypto cap has increased but the volatility is reducing and most of it is concentrated on asian sessions
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