BTCUSD uptrend to continue. Following the end of the weekend (sideways consolodation bullish flag pattern) and the next couple days leading up to the end of the month (2 days) I see volume growing on breakout and taking out the 8,500 resistance area on the 30th July 2018, followed by a test to hit the upper resistence trendlines of the channel which is around a $9,200 to $9,400 TP.
Comment:
So, we got a triangle formation on the 240 and the trading range is getting very very tight. The breakout levels remain at $8,200 with a possible pump to $9,000 which can be ridden all the way to around $9,500 (wave 5???).. Reverse scenario... the pull back earlier was bought up well by the bulls with the $7,800 to $8,000 area being very strong support. This can bounce back to $8,000 if the breakout fails again. I would get bearish when or if $8,000 fails again as that can drive price down to $7,400 to $7,600...........