It happened as predicted. Case Study Bitcoin.
Bitcoin as predicted, after making the triangle wedge, has been breakout from the significant support/resistance line.
Triangle Wedge.
At the triangle wedge, we could see that it had made sideway micro-movement with higher low position and almost horizontal resistance. From Dow Theory, it had compliance Bullish side of movement. After breakout the resistance $8974, the price move higher.
Now Bitcoin price had skyrocket and in progress to reach $11,740. It is its previous major resistance line.
Cheers.
Triangle Wedge.
At the triangle wedge, we could see that it had made sideway micro-movement with higher low position and almost horizontal resistance. From Dow Theory, it had compliance Bullish side of movement. After breakout the resistance $8974, the price move higher.
Now Bitcoin price had skyrocket and in progress to reach $11,740. It is its previous major resistance line.
Cheers.
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