Bitcoin should hold the price above 30K$ in order to remain on the bullish wave
@Mendenmein_Capital:
Massive breakout from the triangle...The door for prices above 34'000$ and 35'000$ is now open, bitcoin should hold the price above 30K$ in order to remain on the bullish wave (iii) scenario.As of now, we remain on our expectation that bitcoin should continue its wave (iii) until the target at approximately 35’000$ is reached. If we’re lucky, the triangle is a simple pit stop on the way to the orange 1.618 extension at 35’436$.Due to the irrational and unpredictable behavior of triangles, I can’t make further estimations on how this breakout will play out.Long Bitcoin (BTCUSD)AVERAGE EXECUTION PRICE: 20’714.20$STOP-LOSS: NONELONGTERM TARET: +120’000$