If this turns out to be an ascending right triangle, 5750$ is the minimum target of this pattern.

But be very careful. Whenever BTC breaks out of this trendline (red paths) on high volume, this is gonna become very painful very fast for the bulls.

Right now I am not favoring the red paths, because the uptrend is strong and we see more and more bullish patterns developing like iSHS and bullish triangles.

If you think this to be useful information:

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)