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$11,700 Target for BTC.

Long
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COINBASE:BTCUSD   Bitcoin
I'm not getting too excited, but to humor myself and you all, I took a measured move of this triangle and it was around 11,700ish. Then I zoomed out on the weekly chart to see if there was any significance to that level, and there is. The weekly chart shows it quite clearly. I'm sorry that I don't have more to say than that, it is what it is. Definitely not interested in selling right now.
Trade active:
Adjusted trend lines as price has developed. I've been buying the yellow line and got stopped out on an over shoot, but recent price action has made the trend more clear anyway. Managed to get back in at 9575 after the sell off failed to follow through. Every dip seems to get bought up within minutes. I won't be comfortable until we climb back above 9800, and hopefully blast through the top of this triangle near $10k.
Trade active:
For perspective, here is the blue line. It's interesting how we keep bouncing perfectly off of it in both directions.

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