This is the fractal/pattern that went on from June to August, and the price action looks nearly identical except compressed (just a little bit).
According to this pattern that may or may not repeat, we might be just a week to ten days away from a decisive point, where BTC should bump up to the next level, around 13-14K.
The blue line is resistence at 12.000 USD, which needs to break and stay above a few days in order to confirm the bump up, and more importantly, the continuation of the bullish cycle.
The red dotted line below is the geometrical median between parabolic roof and bottom of BTC channel since 2017's peak.
Happy trading.
According to this pattern that may or may not repeat, we might be just a week to ten days away from a decisive point, where BTC should bump up to the next level, around 13-14K.
The blue line is resistence at 12.000 USD, which needs to break and stay above a few days in order to confirm the bump up, and more importantly, the continuation of the bullish cycle.
The red dotted line below is the geometrical median between parabolic roof and bottom of BTC channel since 2017's peak.
Happy trading.