Bitcoin: BTCUST Last Update 01:20gmt/20:20est Bitcoin is continuing to grind higher, still contrained by the parallel above it.It's double topping in the near term - has to find buyers enough to push above the high at 11490 on Coinbase feed but will likely still get rejected by the parallel above it even it can push higher now - but grinding upwards towards 11765 completion target perhaps sometime around 14:30 est tomorrow. A small speed line is forming under the lows of this break so far and bulls will be looking for it to hold firm to avoid the risk of Bitcoin topping out in near term and moving into a dull energy sapping sideways to downwards movement due to lack of follow through come far east opening. So It's Ok for swings to stay long for now in hope of 11765 later but consider raising stops to under the little dynamic by 50 points or so to trap in 300 plus points profit for the day even it does wrong from here. It's been hard work all day. It would be a shame not to let it run, but also a shame to risk it slipping away. These choices are ultimately down to profile, as usual. Any move and hold above 11765 (could only be due to far East volume buying) would be extremely bullish - but unlikely in the near term. Nevertheless if wrong and we see it happen at any point over the next 24 hours we follow long once more.
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