We're free now!! Bitcoin up up up

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I'm new to TA, so be gentle..

Technically, on a very basic level, we are officially free from the downtrend. Although, I think the day needs to close above the line.

I have bought in a little already, but when I see some more confirmation, i'll buy again. In fact, I may place a Stop order to buy in at $10800.

Let me know what you think please folks..


We need a decisive break above the neckline and then we need to set a Higher High - Then there might be a reversal confirmed
I was also watching this. Was going to start a small long if we had a stronger candle break. Now waiting to see if we get a couple of days holding over 10k and then start to curl higher on some decent vol for an entry. Nice start on your tech analysis. Its easy to get caught up in every indicator under the sun but trendlines on their own can be really informative and simple to understand. Best of luck on your trade.
RichardMunt ormeytom
@ormeytom, Thanks pal.
I'm enjoying it actually. Predicting up or down based on the trends, then watching it happen (or not) in the following days.
Best of luck to you in the coming bull run.
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