BTCUSD - Weak triangle or bullish breakout?! Decision time!

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Hello, today I share with you my opinion on BTCUSD and where the price is heading. BTCUSD is consolidating more than 80 days now, after making the historical high at 13750 BTCUSD is facing a critical support zone at 10.000 USD.
Thus it is important to watch for signs of a break-out, which occurs after consolidation phases, whether up or down. The momentum and volume now look rather weak which are signs of a possible shift in price in the future.
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In my chart, you can see this big triangle formed on the 4-hour chart after making several lower highs BTCUSD is stuck in a movement where its decision time, in my opinion, we will have a bullish break-out first BUT at looking on the data
it is a high probability that the break-out will be rather weak than an immediate continuation of the bull market. The major important price-levels after the break-out will be 11600 to 12750.
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When we move above 12750 and take out the two recent major lower highs, as you can see in my chart, this would neutralize the first bearish out-look which we face now. At this price level it is important to form bullish volume and good
momentum otherwise BTCUSD can fall back in consolidation. It is important to look on the market with an rational eye and don't get stuck in greed or fear.
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This formation and the upcoming move can be traded, with an entry between 9650 and 10050 with stop-loss below 9450. for my part, I already opened a LONG position to trade the next bull-move. After reaching the targets I will trail my
stop-loss and take profits. After targets seen in my chart are reached it is important to watch for more signs whether BTCUSD slips higher or falls back. As mentioned, to have a bullish continuum it is important to take out the 12350 lower high.
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Thanks everybody and for your support! May you have a good day and good trading profit! The information provided is only educational and should not be used to take action in markets!
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The information provided is for educational purposes only and should not be used to take action in markets.