DrDovetail

A look a the bigger 1 day chart pattern possibilities.

Long
COINBASE:BTCUSD   Bitcoin
i've recently been focusing more on the 1hr and 3hr chart patterns as we've been going sideways on top of the blue top trendline of this 1day chart ascending triangle pattern but I wanted to strip down the chart to only that pattern again as it finally looks like we may be finally confirming the breakup from this pattern...we need to make sure before we get too invested in this breakout however that price actions is able to clear the 1day 50ma(in orange) and the 1 day 200ma (in lighter blue) as well as flip both mas to solidified support before we are confident that we will be reaching the 2 potential breakout targets of this triangle. the first target is measuring only the triangle but the second higher target around 11.2k is factoring in the bear flag in its measured move that target will only be reached if we validate an inverse bart pattern here. It would make a lot of sense if we did validate the inverse bart though as we would then fill both remaining gaps in the futures chart if we did so. Must watch how price action engages with the 1day 50 and 200mas first though before getting to excited about it.
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