TradingView
PipFoundry
Jul 12, 2015 7:28 PM

Bitcoin - Intraday analysis of uptrend Long

Bitcoin / DollarBitfinex

Description

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 tradingview.com/market/ah-pipfoundry/


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

More