MTGOX:BTCUSD   Bitcoin / U.S. Dollar
111 0 0
Breakout Trade Idea - Update

Looking at the 5m chart we can see the recent breakout above the resistance level of 980 has occurred but is clearly losing momentum. Watch for a test of support at 980 to confirm this upmove. If support is not achieved at 980, then we will likely see prices move to the lower level of support at 860 and possibly much lower.

As shown on the chart, RSI is currently divergent with price and volatility has declined further. Somethings gotta give otherwise this is going to be a dull week of trading.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out