BTC - Update
Here is an update to our previous post:
https://www.tradingview.com/chart/BTCUSDT/D1RjGqVc-BTC-Breakout-of-Pattern/
We have been monitoring a successful breakout for BTC. We were watching for our top orange trendline to be flipped from old selling pressure into new buying pressure. So far, this seems to be the case as we have has MANY retests of this level and a follow through to the upside everytime. This morning we have seen one of the largest bounces to the upside off this trendline. Therefore, if this momentum can lead price upwards then watching for a candle close above 71.3k on the 3D will be what to look for.
https://www.tradingview.com/chart/BTCUSDT/D1RjGqVc-BTC-Breakout-of-Pattern/
We have been monitoring a successful breakout for BTC. We were watching for our top orange trendline to be flipped from old selling pressure into new buying pressure. So far, this seems to be the case as we have has MANY retests of this level and a follow through to the upside everytime. This morning we have seen one of the largest bounces to the upside off this trendline. Therefore, if this momentum can lead price upwards then watching for a candle close above 71.3k on the 3D will be what to look for.
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