BTC is forming a ascending triangle (bullish!) on the CME futures chart.
If we breakout (blue scenario) our likely targets are the 0.618 fib to potentially the 0.786fib.
By a breakdown (red scenario) it's likely that we will fill the CME gap. If that support doesn't hold I excpect a bounce around $9420 or the green box underneath.
If we breakout (blue scenario) our likely targets are the 0.618 fib to potentially the 0.786fib.
By a breakdown (red scenario) it's likely that we will fill the CME gap. If that support doesn't hold I excpect a bounce around $9420 or the green box underneath.
