PipFoundry
Long

Bitcoin - Intraday analysis of uptrend

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Follow up chart!

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
My premium indicators are available for monthly lease at http://www.tradingview.com/market/ah-pipfoundry/


Figure id give a follow up chart considering the recent price action and fall through the listed support

Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out