if the RSI bounce that just happened stays above the circle chances are we start the continuation in the ascending triangle. I have two targets for myself here. 1st is new the top of the triangle. The second is the ascending triangle breakout target, should it break to the upside.
Trade active:
Targets intact and respecting the pattern thus far
Trade active:
First Target hit - let's see how btc behaves for target 2
Comment:
If you wanted to buy back for target 2 - It looks like it could be around 385 as a retest of support. if it finds support and holds - it could be a good re-entry
Comment:
Sitting at a support as we speak - it dropping below $404ish would be pretty bad for this structure. if it does drop, we'll want to see it bounce at the $260 range
Comment:
Trending up still and on the upper half of the Bollinger Bands - as long as BTC doesn't have some massive correction Target 2 should hit in the next week or two.
