Hi guys!

Since bitcoin has broken through the resistance on the downward trend also gaining momentum. There is a possibility of a breakout trade could happen. 

So, here are my thoughts on bitcoin.

## BTC - Daily Chart
Tools used: **Stoch RSI**, **Trendlines** and **Trend-Based Fib Extension**
![5a9a072348001.png](https://steemitimages.com/DQmWtR58dPkdm1wQXPbkiL4t4ZDk6REX7Kstuzt9mGA2gDh/5a9a072348001.png)
This is the first time over the past 2 months bitcoin has made higher lows and if we see a higher highs I would expect bitcoin to breakout from this ascending triangle. 

Here is a rough plan for a breakout trade. Note that previous resistance that turned into support should be accounted as well.

## Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!