BTC Breakout Analysis
Updated
2 minutes ago
BTC is primed for a breakout, surpassing ATH .
Using elliott waves and chart patterns indicates a potential upward breakout.
Cup and handle (Blue lines) - Using the depth of the cup, the potential breakout would end @ 73K.
Running Triangle (Pink Lines) - Typically forms prior to the final 5th wave. We are at Wave (e), a breakout should happen.
Using Fib 1.618 to measure Wave 5 ends @ 72k
Not financial advice. Used for educational purpose.
Welcome all comments and feedbacks.
Thank you for viewing my analysis.
BTC is primed for a breakout, surpassing ATH .
Using elliott waves and chart patterns indicates a potential upward breakout.
Cup and handle (Blue lines) - Using the depth of the cup, the potential breakout would end @ 73K.
Running Triangle (Pink Lines) - Typically forms prior to the final 5th wave. We are at Wave (e), a breakout should happen.
Using Fib 1.618 to measure Wave 5 ends @ 72k
Not financial advice. Used for educational purpose.
Welcome all comments and feedbacks.
Thank you for viewing my analysis.
Note
Congrats to those longed BTC. The breakout is a good indicator that the cup and handle is playing out.
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