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brendan_ellich
Aug 26, 2019 7:29 AM

BTC breakout Long

Bitcoin / United States DollarCoinbase

Description

Bitcoin breakout expected!

Descending triangle formation is coming to a close with touches to break 38.2% fib level.
Volume has begun to slowly pick up with an engulfing candle appearing after a doji.
This is also after a consolidation after a pullback from testing the 78% level
Should expect a breakout to push upwards to 12,000 at least may see further.
Entry should be coming within next few days once triangle is broken effectively.

Definitely bullish, however DYOR.
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