BTC technical update - Revalidated triangle pattern
I posted a symmetrical triangle pattern yesterday and today we bounced right off the triangle. This revalidates my belief that once we breakout on either side, it will be a huge move. Keep watching closely and wait for breakout signals for trading.
Here is yesterday's post before today's candle:
https://steemit.com/bitcoin/@ramanbindlish/eth-breakout-case-study-btc-will-repeat
My target for this week is to retrace to upper end of triangle and hitting somewhere around 16k before we see whether it breaks upwards or hit resistance.
Look forward to hear from fellow bitcoiners on what they think about the recent consolidation.
Thank you for the simple and easy post https://9blz.com/ascending-triangle-pattern/