BTCUSD potential ascending triangle & to rally to $12k by Mar

Hi, this is just an update on my previous two posts (see links below).

I've mentioned this inverted H&S for some time. It's true that the time frame isn't the largest, but there's a possibility of bullish momentum around the next CBOE maturity date (which coincides with the Chinese NY).

I explained this in an YouTube video I posted this morning, but those are just the details. The main takeaway is

Inverted H&S
Neckline 9k
Breakout around Chinese NY
Rally to 12K by Mar
12K is 0.5 fibo from ATH

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btw, is also the neckline of the H&S from ATH.

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I'm a little uncertain whether we have a breakout.

Above 9.5k would be certainly a breakout.

If breakout is confirmed, a rally could be very fast b/c CBOE.

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one thing that troubles me is that it seems all the "top" posters here have become bullish again.

perhaps a retest of the ascending triangle may be forthcoming.

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Send to be the Chinese New Year rally

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Seems

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btw, the previous support was 10.3. I think $10.3k is the highest it could go today

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Really didn't pass 10.3.

Right now small correction. I expect 9.5 to be a support. Can't see it going under (or too close to) 9k.

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I made another YT video explaining that we're starting to turn bullish --- not having a bull trap. I think $11k will see some resistance, but + will be achieved by Mar.

DrJLT

Also on:

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DrJLT

Also on:

Related publications

BTC possible inverted H&S, to watch for 8.5k 9.5k 7.8k 10k

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BTC falling wedges possible reversal

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