Happy Wednesdae,
PA seems to be consolidating in a contracting triangle. There is HEAVY resistance just above, near the $13.2K level (major S/R flip from March). If BTC can break this CT bullish (66% probable)
Should BTC break this consolidation bullish, I see $13.89 as T1, then $14.699 -with further upside likely.
“If a contracting triangle is a continuation pattern, the move that occurs before the triangle's starting point should not be a corrective move. The type of pattern is usually representative of a powerful advance.”
PA seems to be consolidating in a contracting triangle. There is HEAVY resistance just above, near the $13.2K level (major S/R flip from March). If BTC can break this CT bullish (66% probable)
Should BTC break this consolidation bullish, I see $13.89 as T1, then $14.699 -with further upside likely.
“If a contracting triangle is a continuation pattern, the move that occurs before the triangle's starting point should not be a corrective move. The type of pattern is usually representative of a powerful advance.”