angelbaetrades

BTC1! on 6hr Time Frame Ascending Triangle

Long
CME:BTC1!   Bitcoin CME Futures
BTC1! on the 6 hr time frame has an Ascending Triangle.

"An ascending triangle pattern predicts a bullish breakout above the resistance area, typically around the time when the ascending line of the triangle would intersect the horizontal resistance line. Ascending triangles form due to of accumulation following a sustained uptrend."

Next projected target on 6hr time frame marked of $43.65k then to $47.5k

*On a separate note:

Please note, the gap fill marked, if BTC pulls back, it could potential pullback to lower targets of $40.4k-$39.5k to Gap fill and consolidate. However atm, btc is bullish imo. :)

What are your thoughts?
Comment Below. :)

Kelly @angelbaetrades
Instagram: www.instagram.com/angelbaetrades/
TiKTok: www.tiktok.com/@angelbaetrades
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.