OK, after a long term ascending triangle followed with the Breakout, we watch the breakout occur and then we wait for a slight pull back in order to get into the market to indicate the direction.
Now as you watch the chart, you can see the ascending channel form since November 6th and as the breakout occurred. We've been in an upward channel but recently the market activity has jumped.
I'm assuming that because of the number of institutional traders that are getting ready to pounce on the market we're getting a lot of activities so a couple of the main majors have broken out of their upward channel. What you want to watch out for in these upwards channels is normally after you get a break out of a channel, you get a pull back. So wait for the pull back and two upward pips on the 15 min chart and then buy in.
If you haven't bought into Bitcoin at this point, now watch for the pullback and then buy in. The charging pattern indicates a shift in sentiment to the upside.
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hit the play arrow I nailed it again wooooohoooooo
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Ok so here we adjust the channel to accommodate it and watch a Ascending triangle or pennant forms watch for directional breakout here.