BTC Break Out Test

BITCOIN (BTC) Scenario on Watch.

BTC has had an excellent break out test and we're looking for a pull back and test higher, sometime this weekend is likely.

The previous charts posted (see recent weeks) showed the channel and break out scenario which ocurred exactly as expected.

The next phase in a break out test is as you see here. It may not happen as drawn, but algorithmically it is probable.
Beyond Technical Analysis

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