The easy move through p=115,845 still implies the pattern’s 132,652 target will be reached, so we’ll stick with it. That means you should trade with a bullish bias until then. You can also bottom-fish in the not improbable event that Bitcoin swoons to the green line (x=107,442). The textbook stop-loss for the trade would be just below C=99,039, but it’s possible to cut entry risk by as much as 95% by using a ‘reverse-pattern trigger’ fashioned from the 3- or 5-minute chart.
BTCUSD – Bitcoin (Last:118,404)
