Hello Dear Traders, IN Last Idea of Weekly candle analysis, as expected btc made double bottom and started rally upside. BTC is trading in Symmetrical triangle pattern, as u can see BTC tested many times upper trendline of triangle and got rejected. Now again BTC is testing Upper trendline, this time btc must cross trendline and give massive breakout upside with heavy volume. if btc fails to breakout then again we will see btc testing lower trendline which is 34500$ area. As Expected Very Nice Comeback in alts...
Looks like rejected again and heading back to the support line. Hopefully it can breakout from this in next couple of days (it has little room left so we will find out soon)...
mbn_global
⋅
@zabaroptik, if daily candle closes above trendline then only we can say its broken out