BitcoinUpdated Two possible breakout points to ATH
https://cloud.nextcess.com/s/mgC9ayXc9bF4okA/preview
We have 2 wedges forming and two possible breakouts to retest ATH. Possibility #1 is very bullish and could mean very extreme breakout out of context. #2 is more conservative and allows a retracement back to the long term trend line.
We have 2 wedges forming and two possible breakouts to retest ATH. Possibility #1 is very bullish and could mean very extreme breakout out of context. #2 is more conservative and allows a retracement back to the long term trend line.
Note
I consider the smaller wedge invalidated as from yesterday! We're now testing option #2. Let's see if we can hold the larger wedge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.