BTCUSD potential ascending triangle & to rally to $12k by Mar

13 Feb 2018

Hi, this is just an update on my previous two posts (see links below).

I've mentioned this inverted H&S for some time. It's true that the time frame isn't the largest, but there's a possibility of bullish momentum around the next CBOE maturity date (which coincides with the Chinese NY).

I explained this in an YouTube video I posted this morning, but those are just the details. The main takeaway is

• Inverted H&S
  
• Neckline 9k
  
• Breakout around Chinese NY
  
• Rally to $12k by Mar
  
• $12k is 0.5 fibo from ATH
  

13 Feb 2018

Nota

btw, $12k is also the neckline of the H&S from ATH.

14 Feb 2018

Nota

I'm a little uncertain whether we have a breakout.

Above 9.5k would be certainly a breakout.

If breakout is confirmed, a rally could be very fast b/c CBOE.

14 Feb 2018

Nota

one thing that troubles me is that it seems all the "top" posters here have become bullish again.

perhaps a retest of the ascending triangle may be forthcoming.

15 Feb 2018

Nota

Send to be the Chinese New Year rally

15 Feb 2018

Nota

Seems

15 Feb 2018

Nota

btw, the previous support was 10.3. I think $10.3k is the highest it could go today

16 Feb 2018

Nota

Really didn't pass 10.3.

Right now small correction. I expect 9.5 to be a support. Can't see it going under (or too close to) 9k.

16 Feb 2018

Nota

I made another YT video explaining that we're starting to turn bullish --- not having a bull trap. I think $11k will see some resistance, but $12k+ will be achieved by Mar.