Bitcoin: Beautiful Bitcoin Big Picure Clean Chart

Bitcoin Update BTCUSD If a picture paints a thousand words, what about a chart?
So Bitcoin could be double topping - if it is it only gets
confirmed by a fall below 7347 support line, with first clue a
break below the dynamic support (not relying too much on
the parallel yet until we can see how it responds when
touched, if ever.
The other way out from here is to break above the little
parallel above it and make a blast for 7570...and that looks
more likely. If stopped out earlier or missed the updates, this
is next chance on buy side, other than looking to buy retests
of the blue line at 7426
Please see comment on left for more about breaking 7570.

Comment:

Lots of opportunities to get long again off the blue support before Bitcoin blasted higher, doing just what we needed it to without messing with heads at 7570. Now that's a green candle...worried we might see another blow off top as the great whale surfaces and blows, like last time, leaving a great spout from here to 7890. so it's Ok to take profits at the old highs and just under at 7850-7890 if they get tested today. We are running some serious profits again so far and they need protecting, either running the stop close to the last minor low or at lowest 7550. And then, if we see 7900 broken we can go long again with stops just under 7850.

Comment:

sticking closing out 7826 and will
go long again on break aboove 7900, stop 100 lower if it happens

Comment:

going long at 7757-7767 with stop 50 lower..risky buy

Comment:

If not already flat or if you've bought again please raise stops to just under 7700 to trap profit in case of failure