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Bitcoin is breaking out of this triangle📐 to the upside so there is chance for run to 26600 and even higher. Just bought at 24869. Breaking out to the downside and reaching the Stoploss level would mean invalidation of the pattern.
This thesis is supported by my other BTC analysis - check down below:
Check my other stuff in related ideas.
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Bitcoin is breaking out of this triangle📐 to the upside so there is chance for run to 26600 and even higher. Just bought at 24869. Breaking out to the downside and reaching the Stoploss level would mean invalidation of the pattern.
- ENTRY: local high @ 24869
- STOPLOSS (SL): local low @ 24539
- TARGET: height of the triangle projected from midpoint of the local range (BUY - SL) @ 26600
- REWARD RISK RATIO (RRR): 5.2
- INVALIDATION: when SL level hit
This thesis is supported by my other BTC analysis - check down below:
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
Trade closed: stop reached:
Stoploss hit🛑. False breakout. Let's see if we will get bigger triangle later...
