Bitcoin possibly to 11600-11750?
Updated
Earlier today we had a break up on 1h, 4h and 1D if we close above 10800 later today.
On 3rd September we had a break down on 1D chart and it looks like it retested the broken support which is now a resistance on 19th Sep closing just above 11k. After a while BTC formed a symmetrical triangle on 1D chart which will be broken upwards if we close above 10800.
If this is to happen I think that we may visit 11600 - 11750 before falling but I may be very wrong!
On 3rd September we had a break down on 1D chart and it looks like it retested the broken support which is now a resistance on 19th Sep closing just above 11k. After a while BTC formed a symmetrical triangle on 1D chart which will be broken upwards if we close above 10800.
If this is to happen I think that we may visit 11600 - 11750 before falling but I may be very wrong!
Note
1D closed on 10924 here we go! We may have a retest of the broken triangle before the next leg up but considering SPX500 is on the way up Bitcoin could follow.Note
On 15min it looks like we BART down to retest the broken triangleNote
Great success!
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