Hello Traders!
It's been a crazy end of the week for BTC. After weeks of waiting, we have finally seen what appears to be a decisive breakout for BTC. This is a breakout from the symmetrical triangle. The breakout which has occurred is bullish. The symmetrical triangle had been since mid-August. Yet, isn't it the false breakout?
Below you can see the long term BTC EWs. Looking at this chart BTC looks set to make its move towards $12,000 USD. A bearish scenario looks highly unlikely, this is due to the underlying support for BTC.
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From this chart, the price prediction for December is $14,000 USD.
Watch out for the market and good luck!
P.S. Please comment on my setup and share your thoughts
It's been a crazy end of the week for BTC. After weeks of waiting, we have finally seen what appears to be a decisive breakout for BTC. This is a breakout from the symmetrical triangle. The breakout which has occurred is bullish. The symmetrical triangle had been since mid-August. Yet, isn't it the false breakout?
Below you can see the long term BTC EWs. Looking at this chart BTC looks set to make its move towards $12,000 USD. A bearish scenario looks highly unlikely, this is due to the underlying support for BTC.
<deleted>
From this chart, the price prediction for December is $14,000 USD.
Watch out for the market and good luck!
P.S. Please comment on my setup and share your thoughts
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.