BTCUSD Bullish Contracting Wedge Breakout Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 25, 2020 11:58 AM

BTCUSD has broken out of the contracting wedge pattern identified in the last idea (linked below) backed by a good surge in volume

Given the momentum here, breakout target of $25,300 could be secured in just a few sessions.

Trade closed: target reached

⋅ Dec 26, 2020 3:01 PM

$25300 First TP acquired (pending 4 hr close) as predicted in just a few sessions