BTC had broken out of the bullish descending wedge and completed successful backtest in lower TF. Is that the start of a new uptrend since we have yet to see the real parabolic melt up ?
Comment:
52k is the level to watch
Comment:
How BTC reacts with the previous peak in region of 52K will determine the direction going forward....it's make or break
Comment:
52k broken !!! Now we see if BTC can sustain the move upwards
Comment:
BTC chart has now evolved into an inverse H&S pattern with neckline again @ 52k. 52k is an important level to watch and 3rd time is a charm !!!
Trade active:
Broke out :) Price objective in the region of 61k
Trade closed: target reached:
Target 61k reached :)