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Black_Draco74
Mar 1, 2021 11:46 AM

BTC Bullish descending wedge breakout 

Bitcoin / U.S. dollarBitstamp

Description

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 :)
Comments
Henry_Ross
Good!
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