Ascending Triangle breakout for BTC!


Bitcoin has broken flush out of an ascending triangle to the upside.

On the RSI there’s a noticeable breakout of what appeared to be a giant multi month descending triangle , turns out it was a bullish flag , we’ve already seen a back-test of what was the downward sloping resistance, and it has acted as support for the time being.

On the KST we can see a similar ascending triangle as in the price action, and a noticeable bullish cross breaking BTC out of the pattern to the upside.

I’m expecting some resistance before a blue sky breakout, maybe a re-test of the horizontal top of the ascending triangle , it would be ideal if there was any retracement from here that old resistance would turn into new support.

The green line is one possible scenario complementing my above thoughts.