Bitcoin Finally Breaking Out. for BITSTAMP:BTCUSD by zAngus

Bitcoin Finally Breaking Out.

After having travelled sideways for weeks BTC is finally making a move breaking out above it upper Bollinger and above its previous horizontal resistance.

Is this the start of a new run? Too soon to tell. Will it need a pull back to retest that resistance area and begin to use it as support - also too soon to tell.

I'd like to see it get to and see if it starts to trigger many if any stop losses that short holders might have placed up around there.

One to watch...

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Might be good to keep an eye out for a break of trend to the downside.

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Chart fixed.

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Got another green candle open.

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Still hasn't dropped back to test that resistance area yet and RSI still running pretty high. Be interesting to see if it drops or not. I think it would make sense for a pullback just to better build for a bigger move up down the track but so far holding up surprisingly well.

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Finally getting our retest of this area. Will be interesting to see if it bounces and it becomes support, or if it falls through and continues to drop.

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Still holding which could be good.

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Tongue-in-cheek post - def not trading advice, but we got that bounce. See if it holds and goes anywhere. Good retest though.

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Big bounce, but with a big range.

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Got a hint of green. Will it bounce here?

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Broken back up above the old support, how long will it run for?

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Still travelling sideways. Be interesting to see if which way it breaks the wedge.

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Finally a breakout on what was looking very bearish shorter term.

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Wonder if we are building up to another move like previous run up. MACD looks interesting. Showing some strength. Whole thing could of course reverse tomorrow with how uncertain it has all been lately.

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All is good with the world again. MACD still showing upside even if the RSI is running hot.

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Back in a tough resistance area looking at the bigger picture. Hopefully a push through and consolidation before the next moves up but not sure what any catalyst for such a move would be. Could just as likely retrace back to 25k.

zAngus

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by zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o