Today Bitcoin Breaking Out 11,900$

Today we are discuss about this descending triangle but something that i was very very clear with earlier today is that you should not be surprised if this breaks up why did i say that well just repeat myself real quick for everyone today the reason why i said that maybe we should expect to break to the upside

We have the trend leading into this triangle is bullish which means that the trend should be our and the other thing that i said was that if we scroll out on the daily time frame we can see that the big weekly and daily trend here is also clearly to the upside we should have a slight bullish bias because of that on the bigger time frame remember the trend is your until the end
Why i basically just made the case that the bulls are in control here and well the breakout is happening look at the volume because volume is key first of all we are getting healthy volume in this four hour candle it is way above the previous volume candles in this consolidation phase which is exactly what we want to see which means that it's not a fake out i'm not saying that we cannot come down again that it's not a fake out is when we go like directly back down again and this is not gonna happen probably
We will see some kind of consolidation maybe another leg up but basically i don't think we're just going to come straight back down again it seems like the volume this is the one hour time frame and you can see that we are getting a volume in this first one hour candle and then we got some follow through in the next few hours which is a it's a good sign it definitely means that we are seeing some nice volume coming in

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