BTC, upside breakout or false flag?

in #bitcoin • 9 years ago (edited)

BTC is showing a lot of strength and just left the neutral triangle to the upside. Could be followed by a fast move up, if it can hold itself above the triangle line, with a first run up to the 18 MA of highs at 2.633.

There is definately some risk, that this is a failed breakout to the upside, which could resolve in a fast drop to the lower levels around 2.100. Momentum for BTC is relatively weak, thus favoring a downside dip.
Screen Shot 2017-07-03 at 16.10.47.png

9 years ago in #bitcoin by
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