Those following my previous chart will see the top of our prior channel is still holding strong. This is a very very good sign.
We're making another run at 11225 as we speak. It's entirely possible that we might fail and fall back down to 10550 before making another run at it but chances are we will break and hold above 11225 in the next 24 hours.
After that? Next strong resistance point I can see is 12800. I'm sure there will be other ups and downs on our way there, but over all I expect us to hit it in the next week if not sooner.
BTC has got it's mojo back.
We're making another run at 11225 as we speak. It's entirely possible that we might fail and fall back down to 10550 before making another run at it but chances are we will break and hold above 11225 in the next 24 hours.
After that? Next strong resistance point I can see is 12800. I'm sure there will be other ups and downs on our way there, but over all I expect us to hit it in the next week if not sooner.
BTC has got it's mojo back.
Comment:
Third attempt at 12,800. We're getting close!
Comment:
Despite the dip we bounced off the bottom of the channel.
Means we're going to have to build support at the channel top and 11,225 again...but it also means that the channel bottom should hopefully be more resilient. All part of consolidation on our way up.
Means we're going to have to build support at the channel top and 11,225 again...but it also means that the channel bottom should hopefully be more resilient. All part of consolidation on our way up.