BTC - Triangle Broken, Targetting $14k

BTC - Triangle Broken, Targetting $14k

By Oligon | structure_trading | 8 Jul 2019


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.



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