BTC has broken out again! Don't go clicking the buy button without hesitation, we need to surpass the PRZ (Potential Reversal Zone) derived from a previous resistance in order to guarantee an upwards trend within the pitchfork. There is also a possibility that it uses the PRZ as a resistance and uses the lower fork as a support.
3 Possibilites: 1. We surpass the PRZ and head straight to the upper fork. 2. We bounce off the PRZ and use the lower fork as a resistance. 3. We bounce off the PRZ and use the previous resistance as support and cry :'(
Please let me know what other possibilities you foresee my fellow analytical psychics! <(*^-^)>- *.-*.
My verdict: GO LONG or find yourself with a long face after you miss out...