cryptegrity
Long

Short-Term Bullish Breakout on Bitcoin BTCUSD

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The 12 hour chart with double ichimoku cloud settings (yes, that's how I roll), is in a tight triangle range and a breakout appears imminent. Momentum suggests a break upwards. It could trigger a sustained rally for hundreds of points.
Comment: The top edge of the cloud is at 4,800 with current price at 3,800. With a strong breakout to the upside, 4,800 is the target.
The top edge of the cloud is at 4,800 with current price at 3,800. With a strong breakout to the upside, 4,800 is the target.
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