Bitcoin / USDTLong
BTC quick view on the situation
BTC, given the current rise and breakout above the symmetrical triangle, pushed out of the consolidation area but retraced within a day to touch and thus retest the symmetrical triangle. now, usually that means it confirms the breakout so let's see if that's the case here and goes back up towards 100k.
Note
after a flash dump all the way towards 91.5k it recovered quickly above the breakout and continues to hold so far. an extension of the upwards trendline would suggest a touch at the end of the year at least (if it consollidates further). will look into it. Note
since it fell through again the trendline is invalidated. will put up a new scenario
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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.