The charts doesn't look good for bears, market just recently broke out of the triangle on the 4 hour bar. More confirmation is needed, a higher high or a daily close is bullish
. While I am long, I keep my technical analysis
objective. We broke out of a downward trendline
, while it is not bullish
yet, short term downtrend in price is likely to be over. We may chop some more here before grinding higher.
I post real time trade entry and exits, and daily Bitcoin
analysis. Statistical and technical analysis
are my specialty.
Follow me on my bitcoin
trading blog and twitter: http://www.ibankbitcoins.com
trading performance: http://ibankbitcoins.com/bitcoin-trade-performance
trading and reference guide: http://ibankbitcoins.com/btc/bitcoin-trading-guide