DrDovetail

2/3 bullbreakout targets hit; Is btc about to go hyperparabolic?

Long
BITSTAMP:BTCUSD   Bitcoin
We have finally hit both the purple descending channel's and the downward slant pink inverse head and shoulders' breakout targets and are currently consolidating just below the horizontal resistance at 13071. Our bigger green inverted h&s pattern's breakout target is still to come at 14400 but there is a chance we may find resistance on the way there at the potential 1day chart cup&handle's rimline around 13850 or so...however if once we reach the 14400 breakout target we can maintain price action there for a few consecutive 1day candle closes we should then trigger the cup and handle pattern in which case our next big pitstop would probably be at the ATH to form another handle while on our way to 25K correct a month or 3 then break that handle continuing our way to the 1st cup and handles target of 25-26k while simultaneous created a new bigger cup and handle breakout target around $36k. Sure sounds hyperparabolic to me let's see if it plays out like that. . . .Psychologically, right now everyone knows the 1st big correction of the new bull market is now officially over. I anticipate the wave of volume we will soon get as people who've been waiting on the sidelines this whole time finally reverse capitulate and flood the market will likely be at magnitudes unlike anything this market has ever seen before.
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