Bitcoin Breakout - Back to bullish?
Bitcoin has broken out of its falling wedge, and is trying to make a move upward. Watch for a boost in volume to confirm upward movement. The timing coincides nicely with litecoin's bullish breakout of the ascending triangle, which occured after Litecoin had to pull back from it's initial inverse head and shoulders breakout to grab bitcoin and wake it up from it's slumber. Hopefully Bitcoin will wake up to see it's shadow and strap on its jetpack to join chicken for another go at the downtrend line! Measured move can be seen on the chart. Likely to bounce around between support and resistance on the grind back upward.
Note
Shadow seen, jetpack confirmed. The beast has awoken! Watch for LTC and BTC to pump back and forth today. Follow the leader!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.