$BTC 2020-OCT-12

BTC HEAD AND SHOULDERS RETRACE COMPLETE + BULLISH BREAKOUT

• Price has broken above the trend of Head > Right shoulder peak. This suggests the cycle is complete and a new bull impulse could be coming
  
• Volume remains low though, so look for other confluences
  
• The extension of the neckline is likely the hangup here, given that above 11k should be a relatively bullish break as well
  

The rising channel is also still in play, suggesting that the bulls still control the market.

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