A quick chart to show a well defined symmetrical triangle is about to end.
Price was hovering around the 650$ level as expected. We had a double top and double bottom with some volume. I don't really know which side will be prefered (indicators defers depending on scale/timings).
With the fundamentals about Apple re-allowing btc-apps, CEO of eBay/Paypal about they will have to integrate Cryptos or also Dish network accepting bitcoin I would bet on breakout to the upside. Still I'm waiting for a 680$ break as confirmation. Also 2h and 4h Ichimoku Cloud seems to be supporting the 650$ level.
No side will be prefered. It will be resting, sitting like dead at the same 650$ level for about a month. When it wakes up later it will have enough power to shoot up to next all time high. So far this happened numerous times in the past
Hen0xyd
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What you're expecting is indeed possible - on a bigger timescale it fits with what I was showing here : tradingview.com/v/zmcYjA0i/
But I'm pretty sure a "real" breakout (in either way) could go to presented levels.
superbinge
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Going south now?
Hen0xyd
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Currently it's going nowhere, volume isn't really impressive.