J.Livermore

Resistances congestion on 2H chart. Interesting.

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
As you can see EMA (65) on the 2H charts has been pinned many time and called some tops.

We are right now with a new pin on it, under a huge congestion of resistances which could lead to a breakout to watch for. Indeed, I think the momentum could be enough to go through.
Update3: Took profits on 1st 2H red candle (Elder Impulse Indicator)

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Weekend dip probably, watching closely how it will react around the fibo levels. Proof: https://twitter.com/Beetcoin/status/520513561249206272
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Update2: As expected, past this key level @ 2136, trend is now getting at full throttle.

snapshot

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Update1: Breakout confirmed.
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The momentum I was talking about (1H)

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