Price recently broke the corrective triangle pattern and is showing a lot of bullish momentum. The only obstacle before reaching previous major structure highs at $14k is the supply level at $12.3k, which might produce a reaction in price, as it is also aligned with a structural resistance. My expectation would be for price to break that level and we can jump in on a retest of the area to target the $14k mark.
BTC - Triangle Broken, Targetting $14k
By Oligon | structure_trading | 8 Jul 2019
structure_trading
A blog about trading analysis, in which I explain my thought process and trading ideas to share with the community.
Send a $0.01 microtip in crypto to the author, and earn yourself as you read!
% to author / 80% to me.We pay the tips from our rewards pool.