BTC - Where to Watch upon Successful Breakout
Here is an update to our previous post:
https://www.tradingview.com/chart/BTCUSD/Ix4f81lW-BTC-At-LTF-Support/
Support held within the pattern as we were predicting and now we are starting to see the attempted breakout. If price successfully breaks out of our symmetrical triangle here are the targets.
Depending on how you measure move (purple lines) it would put our measured move between $81,800-$86,800. My personal prediction is we stall out somewhere around my "secret mathematical level" around $83,800.
But again these levels can only be achieved based on key candle closes confirming the BTC breakout. If price retraces we need to see the bulls hold $70,000-$70,600 as a retest of old resistance turned into new support.
https://www.tradingview.com/chart/BTCUSD/Ix4f81lW-BTC-At-LTF-Support/
Support held within the pattern as we were predicting and now we are starting to see the attempted breakout. If price successfully breaks out of our symmetrical triangle here are the targets.
Depending on how you measure move (purple lines) it would put our measured move between $81,800-$86,800. My personal prediction is we stall out somewhere around my "secret mathematical level" around $83,800.
But again these levels can only be achieved based on key candle closes confirming the BTC breakout. If price retraces we need to see the bulls hold $70,000-$70,600 as a retest of old resistance turned into new support.
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