GuardianFX

BTC/USD NEAUTRAL UNTILL A CLEAN BREAK

BITSTAMP:BTCUSD   Bitcoin
BITCOIN HASN'T BEEN LOOLKING THAT GREAT LATELY FALLING SHORT ON THE EXPLOSIVE MOVES WE ALL LOOK FORWARD TO. SO HERE'S MY ANALYSIS ON THE PAIR. MEASURING THE DISTANCE FROM TOP TO BOTTOM OF THE TRIANGLE FORMATION WILL GIVE US THE THE ABILITY TO DETERMINE BITCOINS NEXT MOVE, IN ORDER TO SEE THAT WE WOULD NEED A CLEAN EXPLOSIVE MOVE OUT OF THE FORMATION. HOWEVER WE COULD CONTINUE RANGE BOUND, IF WE BREAK OUT OF THE RANGE THE NEXT MOVE IS CALCULATED BY MEASURING FROM FLOOR TO CEILING. OVERALL ALL WE NEED TO SEE A BREAK ABOVE 12500 TO SEE A CONTINUATION HIGHER.

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