Testing of both upper resistance and lower support line expected in next few days. Further uptrend expected as segwit lock-in and BCH selloff contribute to BTC dominance. Expect ATH within next week, followed by news cycle FOMO and profit taking. Buys @ ~2760 Take Profits 3150-3300 progressively
Based on prior SQUEEZE areas, we are due for a breakout any minute. a higher incidence of testing 2700 support would suggest price will break UP. However with post-fork market still uncertain , this could go either way. Be wary of a fakeout
BITSTAMP:BTCUSD Using Squeeze, volume trend analysis and MACD trend analysis to predict the sharp wedge breakout that occurred. squeeze can indicate that a large movement is going to occur, the longer the red dots are lit, the more likely a large breakout is incoming. Using MACD and Volume TA, I was betting on the likelihood of a price breaking DOWN...
Two Godmode oscillators set up on the same merged indicator pane, One Short " Predictive " Setup (RED DOTS) One Long " Conformation " Setup (Blue Crosses) The slower godmode (Blue Crosses) now becomes a "confirmation" indicator. Less noise less prediction. The two together are powerful