BTC/USD - Isn't it a false breakout?
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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