$BTC/USD 1W (Coinbase) Symmetrical triangle breakout
Updated
One year from now we could see a +250% growth, of course with ups and downs.
A weekly candle closing under 10K would probably postpone it, under 8K would invalidate it in my opinion!
A weekly candle closing under 10K would probably postpone it, under 8K would invalidate it in my opinion!
Trade active
This is the retest we all should have waited before buying for long-term with Fiat.As long as we don't close below it we are still good to go for the massive bull we are all expecting.
I'm buying in Spot between the two Trend Lines : 10.4K - 9.8K, no leverage and much patience!
You can click Play then click and drag on the timeline (horizontal axis) to zoom in or out, it will auto scale.
Trade closed: target reached
Remember that weekly analysis?Back in September I was recommending to buy #Bitcoin between 10.4K - 9.8K for the long run!
Local bottom was 9813$, +89.58% growth so far, seems like I nailed it.
All Time High (ATH) doesn't look that unreachable now, right?
But I would advice you to be careful with the Fear Of Missing Out (FOMO) going on.
We could revisit Fib 0.786 or near before the massive bull run we are all expecting...
Trade closed: target reached
Fib 1.272 Target more than reached with +300% (1x)Road to Fib 1.414 now, then would come the correction to sub 30k again I believe...
But it's entering oversold territory so you'd rather not buy now if you are out, I'm taking more partial profit in Spot!
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