The bull flag broke to the upside, but only with little volume. A lot of resistance around 9.5k. Think there will be the end of wave B, wave C could take us to around 8.2k to test the downchannel trendline. A break through the resistance zone above 10k would open doors for higher highs.
While I'd love to see BTC take off, I believe this is simply a bull trap, a whale pump and dump. They've been doing this on a large scale about every three days. They all begin at the top of the hour with several rather large trades in a period of minutes. Then suddenly we have little volume of movement. The others have dumped within about 12 or so hours. The only reason I think this one hasn't is the lack of volume for them to dump on.
Okrakel
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@Jeff_Cryptopop, I'd also be rather bullish and see a run like 2017, but I think it will take some time to see this again. Very dangerous market actual, bull and bear traps everywhere. I would also not be surprised to seen this run emphasize a bull trap again.
Jeff_Cryptopop
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@Okrakel, Agreed. I noticed one several days back took over 24 hours before they dumped on the bulls. The hyper-bulls will again claim it's just market correction, even though every time it happens we end up right back where we were. <Sigh.> I hate to pop their balloon but I think the way up is we're going to have to go down first and the manipulation is hindering that.