BTCUSD Triangle Breakout Possible

After watching BTCUSD all day sharpen its triangle pattern, it began consolidation and has tightly knitted its price action in the last few hours hovering right around $6600 with outbreaks as high as $6800. The Resistance level above the triangle breakout around $6750 has now been retested. If after one more cycle we see a Price Action above that resistance level and it holds for a 15min period to give us some green on the charts above the resistance level, I expect the resistance level to become the new support and gain enough traction to reach at minimum $7000 and possible highs of $7500. If BTCUSD falls below $6300, expect the next support level to fall to previous strong supports of about $5700.

Recognizing that BTCUSD hasn't edged near $6400 for a 6 hour window, recommended Stop Loss at $6400 to and Sell at $7350 to $7500 depending on your particular penchant for risk. Good luck and happy trading!