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BTC Symmetrical triangle (12-month) | Breakout 1OCT2018 | LT BUL
A long term support time for over 12-months is being testing in a symetrrical triangle
On a micro-scale, there is a head & shoulders forming, increased selling volume.
If the neckline is snapped, bear bias will be established with a low bottom range of 4800-5300
Volume is much needed to ensure there is no flash crash. The bulls need to secure the 6000--6800 range
Bullish breakout from the triangle should blast through 10k barrier, with T1 @ 11500, followed by T2: 13500
On a micro-scale, there is a head & shoulders forming, increased selling volume.
If the neckline is snapped, bear bias will be established with a low bottom range of 4800-5300
Volume is much needed to ensure there is no flash crash. The bulls need to secure the 6000--6800 range
Bullish breakout from the triangle should blast through 10k barrier, with T1 @ 11500, followed by T2: 13500
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