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DrDovetail

Bullish breakout of symmetrical triangle & potentially inv h&s

Long
Bitcoin (BITFINEX:BTCUSD)  
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Trend Analysis Chart Patterns Technical Indicators BTCUSD Bitcoin (Cryptocurrency) BTC Bullish Patterns breakout inverted HEAD AND shoulders
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trendanalysis chartpattern indicator btcusd bitcoin btc bullish breakout inverted head and shoulders
Just had a nice bullish impulse leading to a big green candle breaking us out of the symmetrical triangle...The projected target is 7100 to 7250...small chance this could be a fake out but as or now it looks legit.
Kommentar:
Important to keep in min until we get above $6760 we will not have formed a higher high. Forming a higher low from here will show that the bears are still in charge...but if this breakout is confirmed, we should certainly form a higher high to follow are series of higher lows. To form a higher high here and then follow it up with a confirmation higher low would be a very good sign for the bulls.
Kommentar:
We have officially formed a higher high! Everybody in the pool! The water's fine!
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