Seeing a classic falling wedge pattern on the 1 hr chart. Crucial support is at 8600, with a reversal there and a break out above the top trend line, I would expect we could breakout to 9800 or higher again.
Trade closed: target reached
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While BTC never actually got down to 8600, it reached 8,700 and has now just broken above the trendline signifying a breakout of the falling wedge pattern. If there is a close here, wait for a pullback and then go long. First target 9.2k, second target 9,7k
Comment
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Not financial advise, just my own plan and observation
Trade closed manually
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Posted the wrong thing earlier, trade was active on the 27th and closed now. WIll post an updated analysis in the coming hours.