SNOW_CITY

TTM Squeeze on 1H, consolidation is nearing break out

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Based on prior SQUEEZE areas, we are due for a breakout any minute.

a higher incidence of testing 2700 support would suggest price will break UP.

However with post-fork market still uncertain , this could go either way. Be wary of a fakeout
Trade closed: target reached: We broke out of this consolidation slowly rather than abruptly.

If you bought at 2708 when this chart was published, you are probably rather happy to take profits around 2850.

See recently posted idea on RETRACE back to 2750 and following pump over the next week.
MONS
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