BTC to retest upwards after squeeze?
Updated
We saw good movement upwards from the last accending triange squeeze, a further squeeze upwards could result in a local Higher High
This would point towards the bottom having been reached, however if there is a strong rejection of the decending trendline, it could also point to a prolonged accumulation phase or further breakdown.
Target Up: 23.5k Trendline
Target Up Longterm: 26k Reversal
Target Down: 20k Retest
Target Down Longterm: 18k Retest
This would point towards the bottom having been reached, however if there is a strong rejection of the decending trendline, it could also point to a prolonged accumulation phase or further breakdown.
Target Up: 23.5k Trendline
Target Up Longterm: 26k Reversal
Target Down: 20k Retest
Target Down Longterm: 18k Retest
Trade active
Triangle break up, observed! Target 23.5 active.Trade closed manually
Did not maintain, closed break even
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