BTC has been trading upwards as I expected. My yesterday's target at the price of $12.000 has been met and broken. New formation suggests more upside to come and potential test of $13.400. Watch for buying opportunities.
Gray rectangle – Resistance broken
Orange rectangle- Target projection
Both Stochastic and RSI are in the overbought condition but this is the case because of the strong upward trend. Most recently there is the breakout of smaller ascending triangle in the background, which is another sign of the strong BTC. The projected target is set at the price of $13.400. As long as the BTC is trading above the $12.284, I would watch for long positions. MACD oscillator is showing the new momentum UP and it is confirming buyers domination.
