rareinvesting

Breakout?

Long
BITSTAMP:BTCUSD   Bitcoin
Apparent day bar closing above flag shape
Comment:
Very important movement. We don't have historical price markers now so technical analysis becomes a bit more challenging. We can draw an ascending line up to the point of first noticeable resistance today (essentially $20,900). This will be important. Longer term traders should not be disheartened if we see BTC drop back to test area around previous ATH but may not be a good time to hop on a new long (if so do with caution).
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