Kroesmeister

BTC; ascending triangle or retrace into golden pocket?

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BITMEX:XBTUSD.P   Bitcoin
Bitcoin made a nice impulse up since last analysis and is currently drawing in an ascending triangle (bullish pattern)
Eventhough an ascending triangle is a bullish pattern we always need to take a break-down into account.

scenario 1:
break up from ascending triangle

- long on the break up
- target 12845

scenario 2:
break down from ascending triangle

-long the golden pocket zone
- target as indicated on the chart

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