Bitcoin Coinbase Chart Next Buy Point
Bitcoin has spent the last 24 hours or so hammering out a
continuation pattern not too far from the recent highs. It
hasn't collapsed from here, though, which has to be a positive
signal, so far. It's now probing the upper parallel at 10600 and
trying to break higher. To stay positive from here it has to
make this break. If we see it we can follow with stops under
the upper parallel by 50 points or so when broken. Otherwise,
in absence of a break higher and Bitcoin spends more time in
this consolidation pattern we will look for an entry from lower
down later
Bitcoin has spent the last 24 hours or so hammering out a
continuation pattern not too far from the recent highs. It
hasn't collapsed from here, though, which has to be a positive
signal, so far. It's now probing the upper parallel at 10600 and
trying to break higher. To stay positive from here it has to
make this break. If we see it we can follow with stops under
the upper parallel by 50 points or so when broken. Otherwise,
in absence of a break higher and Bitcoin spends more time in
this consolidation pattern we will look for an entry from lower
down later