Bitcoin appears to be breaking out as expected. The structure on smaller time frames remains the same - with the same targets.
A breakout potentially opens the door for another opportunity for entry at the completion of the second wave. This structure begins to break down below $57,500.
The daily looks to be breaking out as well. Targets in the same region based on the upward sloping channel. Daily momentum is breaking out and will be testing Bullish control within the next day or two. If Daily momentum finds support within the Bullish Control Zone, a breakout will be confirmed.
A breakout potentially opens the door for another opportunity for entry at the completion of the second wave. This structure begins to break down below $57,500.
The daily looks to be breaking out as well. Targets in the same region based on the upward sloping channel. Daily momentum is breaking out and will be testing Bullish control within the next day or two. If Daily momentum finds support within the Bullish Control Zone, a breakout will be confirmed.
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