After many false breakouts, this one seems to end a long correction as we can see for a lot of alts. A cup seems to be forming, it will be a nice pattern to play, target 1 about 40k. A failed breakout will lead us to first support at 19k.
Price broke out of falling wedge, looking for inverse H&S ready for continued uptrend. Right shoulder will match 0.786 Fib Level.
You could: - starting DCA right now - All in at 34000 Bargain buy right now
Strat is showing an ascending channel while seemingly painting an Eve & Eve double bottom. I will be playing the ascending channel while keeping an eye open for the neckline @ 150k satoshis. Given the fall leading to this pattern, a confirmed double bottom should lead to an impressive run.
Start / BTC - chart becomes invalid if BTC price starts moving.