ChartProphet

BTC Breakout Or Fakeout?

BITSTAMP:BTCUSD   Bitcoin
We have the greed index backing of 90 and at 86 currently, with BTC appearing to breakout. Again, it could be a fake out as BTC often follows other markets and the DJI looks confused. Should the Macro find negative momentum, I suspect BTC could too. If we show a sign of decoupling then God willing so be it! A sustained break up should hit $17k. If we can't push up through 16k with strength, we could see lower and for me that target is around $13-14k range. This is not trading advice.

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