New Bitcoin TARGET: 10,000

PRICE ACTION:
In previous boxes, price has consolidated for a few months.

But the last range between 5k and 8k broke out on the second
attempt on November 18. We consolidated for a few days above that 8200 level, and now we have broken out of that flag.

Originally, I was planning for another rangebound BTC before breaking out like we've seen in previous boxes, but it looks like these waves are getting closer together, with less consolidation: this is also a sign of a top.

But that said, the next targets based on Fib levels from the Sep to Oct decline and the November decline.

So playing this like another classic BTC breakout with a target of 10k.


THE PLAY:
Long over 8375 (consolidation range high)
Stop: under 8000
Target: 10k (261.8% and 200% retracements of September and NOvember decline srespectfully.

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!! DM me with chart requests or questions !!

MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.