BTC; ascending triangle or retrace into golden pocket?
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Bitcoin made a nice impulse up since last analysis and is currently drawing in an ascending triangle (bullish pattern) Eventhough an ascending triangle is a bullish pattern we always need to take a break-down into account.
scenario 1: break up from ascending triangle
- long on the break up - target 12845
scenario 2: break down from ascending triangle
-long the golden pocket zone - target as indicated on the chart