Signs for a bullish breakout:
- could gain momentum and crossing . As many bots are working with the , this could give BTC the push it needs to breakout
- Last Candlestick: Possible Hammer! need a following green candle to be confirmed!
- Volume: bull traps like the last false breakout have no significant trading . the is actually growing
How to trade this?
Wait for the breakout to be confirmed. If the continues to grow and the are crossing , this could be the reversal. If we're not breaking the the resistance line, we stay like we still are. Be careful for breakouts with low -> bull trap.
When the pattern confirms the breakout, BTC will climb very quickly. Next major resistance is the red area as it is the 38.2% Fibret plus the last top ( )