Chart lines were drawn more than a week ago, shows BTCUSD on a ascending triangular pattern. Now it is testing lower trendline (blue), and the expectation is for Bitcoin to resume higher to 11800 - 12000 area. 12K is critical, once above it it will easily run 1K to 13K. Below recent lows, a different story. -> mid 9K's. Personally, I am looking for a retest of the recent lows of today to enter for a long, for a shot at getting to 12K, since it seems it is accumulating at these levels.
Trade closed: target reached:
Broke lower trendline hit target mid 9K below