BTC - Breakout of Pattern
Yesterday we made this post analyzing our pennant formation.
https://www.tradingview.com/chart/BTCUSDT/1LmZu9jm-BTC-4H-pennant/
Today, we had the breakout followed by multiple retests of our orange trendline theoretically flipping that into a new level of support. So far, on the lower timeframes we have seen this level hold. If we continue the break higher our most important level is going to be a close on the 3D above 71.3k to confirm new BTC all time highs.
If this breakout does end up becoming a fakeout and reentering the pennant, then
65K becomes extremely likely.
https://www.tradingview.com/chart/BTCUSDT/1LmZu9jm-BTC-4H-pennant/
Today, we had the breakout followed by multiple retests of our orange trendline theoretically flipping that into a new level of support. So far, on the lower timeframes we have seen this level hold. If we continue the break higher our most important level is going to be a close on the 3D above 71.3k to confirm new BTC all time highs.
If this breakout does end up becoming a fakeout and reentering the pennant, then
65K becomes extremely likely. 
Feragatname
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