mikestoneusc

BTC Breaks Bullish Ascending Triangle on Low Volume_Eyes $10K

Long
COINBASE:BTCUSD   Bitcoin
BTC broke the ascending triangle pattern, typically a bullish interim consolidation pattern. Height of ascending triangle is approx 20%, suggesting a pattern price target of $10,000, approx 20% above current levels. Concerning to see the low volume on the breakout above the ~$8,500 resistance level. Low volume could be a result of the US holiday / weekend but nonetheless is reason for concern. Would like to see some follow-on volume come Tuesday 5/28 to confirm the breakout. Normal to see a retest of the top of the triangle around $8.5K so that's in important level to watch. Exciting times.

Michael
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