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Bitcoin Finally Breaking Out.

1103
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 31K 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.

syot kilat
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Chart fixed.

syot kilat
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Got another green candle open.

syot kilat
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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.

syot kilat
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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.

syot kilat
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Still holding which could be good.

syot kilat
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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.

syot kilat
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Big bounce, but with a big range.

syot kilat
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Got a hint of green. Will it bounce here?

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

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

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

syot kilat
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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.

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

syot kilat
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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.

syot kilat

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