RDD: is Generating a Bullish Breakout Alert!!

SUMMARY

It's nothing new. IF price decides to get closer to the Apex; the destination would remain little changed; only the pathway would differ. Given how hard the sellers tried to beat down Bitcoin; they had depleted all their bullets.

A redraw of the correction into a bullish downward symmetrical triangle is quite impressive because of near termination status. It's almost done.

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Price is also starting to gap and the direction is upwards. Usually, this signals a sizable rise potential in buying interests. Let's see how the price pans out in the next few days. The blue arrow shows how any good Technical Analyst might call it a bounce awaiting a lower low. But even at this early stage of the bounce, not enough sellers were populated so that price had to go up.

The future price pathway projection shows primary to be the blue Elliott Waves with a target of 2,254 Satoshi.

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Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.