Bitcoin-further eruption in brief, target 11,670 USD

After the downward trend of the line break, the course happened some trading days, a small pennant was trained. In the near future, the course is likely to break further north.

Technical Status quo:

Since April 21 this year, the course has been breaking upward from the (red dashed) dominant downward trend line since 17.12.2017. Conform to the rules. As a rule, because the course has been categorized as a large symmetrical correction triangle since November 2017. And such formations are dissolved in the majority of cases in the direction of the upstream major trend. After the outbreak, the course of events oscillated several trading days, a small pennant trained. In the near future, the course is likely to break further north.

Reminder: "I see good chances for a medium-term recovery towards 11,670 USD. "