We will do technical analysis on the price of ethereum and bitcoin! I will show you the price target

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I will be telling you exactly the day when i am expecting the breakout and even more importantly the direction of the breakout including including my specific breakout target for bitcoin here in the immediate short term similar game for ethereum and this is extremely important

I think ethereum will lead the way for the bitcoin breakout direction look at this ethereum is coiling up you right now in the exact same pattern and ascending triangle pattern here and the breakout for this one is even more imminent within 24 hours we will see the breakout here and i wanna be talking about the direction of the breakout and also my price target for this breakout for ethereum in the immediate short term

I will be talking about my altcoin strategy my altcoin picks my outcome traits and of course also about my two traits here on femax and what i am planning for these two traits in the immediate future guys you can see bitcoin continues to mature here in this ascending triangle the question right now is of course is the breakout going to come when is it going to come and what is my specific breakout target for this breakout well you remember how we yesterday talked about that in case bitcoin will be not able to break this significant important level of 12,100

I was mentioning throughout the last blog every single time then i can see bitcoin being rejected and going all the way down here bouncing from this trend line and going back up i think bitcoin could be here i talked about it yesterday as well in something like an ascending triangle in case we are getting a rejection here i could imagine bitcoin going all the way down to 11,600 us dollars before bouncing and then breaking out eventually out of this ascending triangle and as you can see we were exactly rejected here bitcoin went down and got the bounce also exactly at this trend line here bitcoin go back here for another retest will we finally break out what is exactly the most likely scenario right now in that moment well let me zoom out a little bit and these ascending triangles by nature they try they tend to break out more towards the upside

Because we have a horizontal resistance we are back testing it and the more um we are testing it the more likely it is to break so statistically they already break out more towards the upside than towards the downside the likelihood is much higher since this upward sloping support also provides a some bullish pressure here against the horizontal resistance but besides that we are also going bullishly into it which increases the chance and also besides that we have a macro bullish structure here and additionally to that we have economically fundamentally more and more things pressing the bitcoin price more towards the upside

So if you ask me i would give it at least a 70 chance to break towards the upside well some people might say well upside down said you are covering all the possibilities this is how it is in trading and it is always about probabilities and this is why we are at mm crypto asset family with you guys together so successful because we are trading the probabilities and we are not trading based on gut feelings also well but in case bitcoin were to break out which is by far the most likely scenario here

You could take either this measured move price target or this one here i would rather take this one um but guys you can take whichever one you think is the most um accurate one but in case bitcoin does that in case we are breaking out look at the price level here the breakout target would be 13 600 us dollars and are there some bells ringing for you