PipFoundry
Long

Bitcoin - Intraday analysis of uptrend

BITFINEX:BTCUSD   Bitcoin / Dollar
Follow up chart!
snapshot

It is bizarre to buy this dip after so long below 300!! Lets all take a breather and look at what has happened and what could transpire over the next day or two.

With the breakout above 300 consolidating I am highlighting the fact that buyers are still outpacing sellers at these levels so far. Upside targets are the now obvious resistance at 314 and *IF* that is broken then expect a test of higher prints in the mid 300's.

I will remain vigilant of the highlighted levels at 305 and 299. because those order blocks are key levels in this uptrend. Any threat to those and a return to the 200's are all but guaranteed.

Good Trading
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PipFoundry
a year ago
Figure id give a follow up chart considering the recent price action and fall through the listed support

snapshot
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