BTCUSD Triangle Within A Triangle
On the hourly, an ascending triangle (green) has formed. If/when we break out, the target of the triangle is ~9400, which is the upper boundary of the bigger triangle.
**As I was writing this, price broke out of the green triangle.
We could then fall to the lower boundary of the bigger triangle and build up energy between the $9400 resistance and higher lows. If/when we break out of the bigger triangle, the target is $9800-9900, which lines up with the peak from 05 May 2018.
**As I was writing this, price broke out of the green triangle.
We could then fall to the lower boundary of the bigger triangle and build up energy between the $9400 resistance and higher lows. If/when we break out of the bigger triangle, the target is $9800-9900, which lines up with the peak from 05 May 2018.
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