SUMMARY
And Bitcoin (BTC) has DECISIVELY breached the upper trend line!! This is EXACTLY what was needed to generate the onset of the next set of impulse waves UP! The $11,011 was easily met and surpassed. The $11,133 should also represent an easy target. The wave 3 of 3 FIREWORKS is just getting started.
Here is the revised Bullish Inverted Head & Shoulders pattern. Once price exceeds $11,559; the Right Shoulder can be considered complete. Once price stays above that price and starts climbing higher, the pattern would be considered confirmed! The next targets after that would be $12,306 for wave 3 and $13,157 for wave 5. Today was a VERY IMPRESSIVE price rally day!
IF the minimum price move for this Bullish Inverted Head & Shoulders (BIHS) is reached, that would be at $17,655!! After that would be All Time New Highs.
And so, a new Bull Trend starts with a breakout!!
On the Big Picture perspecitve, wave 2 at a Cycle Degree of Trend has ended. A new round of seismic, orgasmic bull lunges upwards is not too far away.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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