BTC Previous 10 years - average 200% gains year/year. 21 Million coin mining cap, around 18M produced which is realistically around 16M (given lost keys, unrecoverable coins, etc.). This is a scarce digital asset here, with proof of work concept. Meaning the value is there (without inflation ), just like gold (the physical kind). . . Unlike any Fiat, Doge, or...
Much in the same way ETHUSD has broken above its 3hr inverse head and shoulders pattern, BTCUSD is now following its lead. No confirmation this breakout will validate just yet but it is lookign quite promising. If it does indeed validate which probability currently favors the target is 63k *not financial advice*
After some peculiar price action it now seems the most valid timeframe for a symmetrical triangle here is the 3hr chart. It is always a bit of a risk looking for a pattern on a 1hr chart so having to move to the 3hr chart to find a symmetrical triangle that was still looking valid doesn't surprise me.; In general I usually stick to the 1 day and 1 week charts but...
diamond pattern seems fairly valid on the 3hr chart. Important to watch where the 1 day candle closes though...if we can stay in this range for close we can close the 1 day candle as a bullish engulfing candle which could be a very bullish signal also currently on the 1 day chart we are forming a bull flag with an incredibly long pole which if broken to the upside...
