btc price action still inside a symmetrical triangle

31 Jan 2021

if this symmetrical triangle breaks bullish and validates the target is 50k. the 1 day 50ma (in orange)may be what finally pushes the priceaction up out of the triangle...of course we must also always entertain the possibility that it could still break down. Should choose a direction in the first week of feqbruarqy.

3 Feb 2021

Catatan

now have 1 daily candle close above the triangle and the current follow up candle is acting like it wants to confirm the breakout. Just waiting on more volume or a big spike of the price candle. For now probability definitely is favoring the confirmation of the breakout.

9 Feb 2021

Catatan

breakout confirmed...target will be anywhere between 50-52k