$BTC triangle forming: Long opportunity

BTC has been forming a triangle over the past few hours. Both RSI and Stoch RSI continue in an upward slope all while BTC is consolidating into a triangle. If price breaks through the upper resistance of the triangle with high volume, I will look for a long opportunity. If price breaks upwards, I expect to see price reach ~13k. In that area we can find the biggest, recent resistance. Also, using the height of the triangle BTC is forming in, that would give us around ~13.15k as a target for breakout.

Using the resistance previously noted, we can see the EQ of the trading range containing that resistance also lines up to around ~13k. If longs are executed after break upwards, I might consider 13.1k as a target area for price. Purple box denotes potential target area for triangle.

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