With breaking out of the breakoutrange, BTC is up 16.44%. WIthin two days it seems that we test the all time high very soon.
one things to learn here: Stick to the trend and ride the wave as long as you can. The trend is our friend.
What to do at the ATH?
-you could close your position, because there will potentially be a lot of buyers and you will get filled...
-Strong breakout out of consolidation area (yellow box) to the upside.
-We broke also resistance very clear (around 7,000$).
-Next target should be at all time high 7,900$.
-But we most likely see consolidation to 7,000$ support levels.
We broke out of the consolidation area to the upside, wich I mentioned yesterday. Next stop is most likely all time high at 7,900$ with consolidation to support level of 7,000$ on the way up.
Bitcoin looked strong after double bottem. Higher high and higher lows. We now see a consolidation flag in a relative close range (yellow area). When US comes in the market will choose direction. Good opportunity to set a trade. If the price brakes to upside, this could be the start to test all time high. If not, we should see the price going down to the support...
