BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Not yet in my estimation. Here are some things I need to see before this is confirmation for me and all this talk of BTC back on track isn't just exuberance. Here is a box I have had drawn for a while now for a resistance level that we have broken then fallen back through. Right now it hasn't been broken and the MFI hasn't charged above the line i have drawn showing a bull trend. We also see the falling wedge from the 1D chart that we still have yet to break through at all. This could be another fake out charged by the Polo news.
Comment: I think we see a rejection at the 50 and 100 SMA trend lines 10.5k.

Comment: There is also Ichi Cloud confluence here as well.

Comment: More confluence. the .5 FIB level. Also looks like a 4H shooting star might be in order? Still too early to tell though. We will see at 3PM.


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