BitcoinLong
Breakout of triangle seems confirmed/goldencross!
Still waiting on volume confirmation but looks very likely to be a legitimate breakout...the question is will it breakup to only the target of the triangle or will it go the height of the entire bull pennant? Also could use a little more volume here for confluence of the breakout confirmation but the current daily candle looks very bullish so it likely will be a legit breakout. Important to keep a close eye on the weekly charts 50 ma which is currently strong resistance...fi we can flip it to solidified consistent support then we may not see our follow up higher low anytime soon afterall...but we need to flip it to support and solidify it as support first. Looks like the bull market might finally be arriving. Perfect priceacion coinciding with our just achieved golden cross making me think we may just sustain this golden cross and might not have to deal with the possibility of a deathcross fakeout afterall.
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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.