BTCUSD potential ascending triangle & to rally to $12k by Mar

Hi, this is just an update on my previous two posts (see links below).

I've mentioned this inverted H&S for some time. It's true that the time frame isn't the largest, but there's a possibility of bullish momentum around the next CBOE maturity date (which coincides with the Chinese NY).

I explained this in an YouTube video I posted this morning, but those are just the details. The main takeaway is

• Inverted H&S
  
• Neckline 9k
  
• Breakout around Chinese NY
  
• Rally to $12k by Mar
  
• $12k is 0.5 fibo from ATH
  

تعليق:

btw, $12k is also the neckline of the H&S from ATH.

تعليق:

I'm a little uncertain whether we have a breakout.

Above 9.5k would be certainly a breakout.

If breakout is confirmed, a rally could be very fast b/c CBOE.

تعليق:

one thing that troubles me is that it seems all the "top" posters here have become bullish again.

perhaps a retest of the ascending triangle may be forthcoming.

تعليق:

Send to be the Chinese New Year rally

تعليق:

Seems

تعليق:

btw, the previous support was 10.3. I think $10.3k is the highest it could go today

تعليق:

Really didn't pass 10.3.

Right now small correction. I expect 9.5 to be a support. Can't see it going under (or too close to) 9k.

تعليق:

I made another YT video explaining that we're starting to turn bullish --- not having a bull trap. I think $11k will see some resistance, but $12k+ will be achieved by Mar.