vkturbo

Break out to 8500

Long
BITFINEX:BTCUSD   Bitcoin
As you can see we are forming a large symmetrical triangle, as the pattern comes up into it to hit the top it will usually signify that we will track side ways then have a break out. As you can also see the movement inside of this as well. I believe in the next couple of days we will see this come and test where we seem to have a fair resistance point. If you go off the ascending triangle from my post before you will see that didn't develop as expected and broke early and failed and then turned into a descending wedge which will usually become a reversal pattern to break high.

Keep watching as we go I believe it should be a good breakout as it is developing very well. I don't care about any other factors only the pattern we are forming lets see how good this analysis goes
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