Rising Pennant Pattern breaks to the upside, BTC squeeze

Rising Pennant Breaks on the upside BTCUSD and maintains support as we are now about to have the weekly close on a strong candle. We are also in the Zone of historic importance where only heavy volume, speculation and high spirits will carry us through

If you are not currently Long, you will want to wait for bitcoin to break the 0.65 Fib as well as the "Zone of Historic importance, currently resistance.

There may be a Short speculation depending on how the value responds to these historically important levels. speculation and volume is up, do not fomo buy until we test support on the longer timeframe. Weekly Candle is a solid indicator we have a floor

Comment:

Comment:

watch for the resistance level 52500 to be tested and flipped for support. The strong Weekly Candle may bring us to the Fib level as we already were rejected on the hourly, These levels are very volatile, look for tests on longer timeframes and do not fomo in at these levels. Be prepared to go in Long if we can get at least 3 tests on the 4 hours , or even Day Timeframes, Did I mention this area is very volatile

Comment:

Comment:

Weekly Close is going to be an important candle,. we must watch for the price to test support before we are going to be able to get those higher highs

Comment:

watch for the price to test support around 51000 and If we can keep and hold those levels we will consolidate before making another push