Long

BTCUSD Descending broadening wedge breakout

Updated

I believe this is only the beginning of a breakout. See details in the chart. (no time component implied)
Below 9600 would invalidate this idea.

Note

One more 3D closed, looks like a retest for now

Note

Sorry for the premature last update as 3D didn't close at that time. However, it closed even higher and now the new one, while still open, made another retest

Note

After such a prolonged consolidation under resistance the breakout is not going to stop at 11400. I repeat, this is not a fakeout, if you're long - stay long.

Note

First target - 13400 (conservative)

MidnightOne

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