BTCUSD the Downtrend broken..but are we out of the woods yet?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar

I for one don't think so...

So the long term downtrend since Decemeber peak finally got pierced....still, we have not made any significantly SOLID moves upward yet...So the Market is undecided.

Look at this perfect range bound ABCDE formation in my opinion...
I would short on a bounce above 11K on Target E

Possible Downside Targets

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