Anticipation before BTC bullish pennant breakout
Almost 2 months of consolidation.
The triangle is almost reaching it's apex. Descending volume profile fits the pattern as well. For it to be proven valid, the breakout should happen this week, probably in the next 2-6 days.
After the breakout, next resistance level should be around $11300. Not shown in the chart, but it's the weekly ichimoku cloud's upper edge.
The triangle is almost reaching it's apex. Descending volume profile fits the pattern as well. For it to be proven valid, the breakout should happen this week, probably in the next 2-6 days.
After the breakout, next resistance level should be around $11300. Not shown in the chart, but it's the weekly ichimoku cloud's upper edge.
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