With BTCUSD in consolidation mode, I've turned attention to the alt pairs leading into next week. Another coin on my radar is ICXBTC.
As you can see, there have been multiple breakout trade opportunities that have all reach target. I've left these on the chart for you to see. There is still a larger pattern in play that has not reach targets or broken key levels to invalid.
Therefore, we can assume consolidation is now occurring for the next big move UP.
Reasons to consider a BUY position:
Multiple breakout trade that indicate trend continuation
Price appears to be basing out near the consolidation zone indicating fewer sellers
Multiple consolidation zones to offer support (not all are shown)
Excellent risk to reward ratio on offer
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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Nice bounce from lower consolidation zone. Move tops to break even for a free trade