As we can see in the 1D chart, Bitcoin broke out the resistance of the inner pink triangle quite smoothly, at around $46.000 and it closes at $47100. Every time these kind of triangles are broken, we calculate a projection of the possible next target for the price to reach, which in this case is very close to $50.000, being a growth of %9.35.
However, we also have a major golden triangle in which Bitcoin is currently breaking out nicely but not neccesarily smoothly as with the inner pink triangle. When it did it with the first triangle, the was slightly over the average, which is not the case for the 1D of today. If Bitcoin manages to keep rising with a greater the following days, then the next projected target for the price to reach will be a %23.86 of growth, at around $56.500.
We will understand much better to which price aim to, but based on the previous months of the and two weeks period, Bitcoin is rising as minimum as +20% and as much as +100% of growth. Considering this information, it is likely to expect a price over $56.000 rather than just $50.000.
By the other hand, + are showing us an slowly increasing setup. Once the blue line cross up the red one in both, that would be a powerful “buy” signal to take a strong entry, aiming at least to $50.000 first, and if this target is achieved, the next I see is around $56.000 or even higher.
Keep an eye on it and let’s make some nice profits with this amazing Moon Trading strategy! And remember to share this information so much more souls could become financially free and live a purposeful life!
This is not financial advice but for educational purposes only. Always do your own diligent research.