Hey guys, I’m seeing a ton of doom and gloom here that we’re dropping to -$5 lol, but right now, so far, we’ve invalidated the bearish scenario here of a price drop to $23k. If you take a look, we have 5 gorgeous touch points and bounces off the bottom and top of the triangle.
Price target for the breakout would be $47,000 - $52,000.
If we do invalidate the triangle, our target would be $23,000. But so far, this is looking like a perfectly confirmed symmetrical triangle, thinking tonight or tomorrow we’ll see the volume come in and know the way, but load up your bags and get ready for some beautiful longs if BTC continues the triangle and volume confirms the breakout to the top.
Price target for the breakout would be $47,000 - $52,000.
If we do invalidate the triangle, our target would be $23,000. But so far, this is looking like a perfectly confirmed symmetrical triangle, thinking tonight or tomorrow we’ll see the volume come in and know the way, but load up your bags and get ready for some beautiful longs if BTC continues the triangle and volume confirms the breakout to the top.