We went up, broke out and hit rejection exactly as per my orange line. Well done anyone who traded this..Now likely we to touch previous resistance to confirm support then move up to next level of resistance at $61,262
Looking at longer timeframes Bitcoin seems to be in a giant ascending triangle since Jan 22nd. Looks like its coiling up to make a massive move before 15th April.
10c Incomming..
Head and shoulders pattern forming.
A lot of bearish talk right now but looking at previous touches on this trend line I think we are in for a bounce..
Ascending Triangle shown on the 1hr chart. Will breakout in the coming hours
Are we going to see a dip down to the previous support line (yellow)? Or a pump to $70k and a new triangle pattern (green)?
Playing out perfectly so far. On Target for $62,000 before the end of March. Following the green line
Is Bitcoin finding support for the next leg up?
I think we will see a similar pattern play out as before to $62,000 around 22nd March