MaryJane

Triangle Breakout.....and now?

BITSTAMP:BTCUSD   Bitcoin / Dollar
866 0 36
680$ is still the level to watch. Is the uptick pushed by the "halving-story"?
The shortterm orange triangle is active...tp of this pattern is 714$. A retest of the breakoutniveau @ 660$ should be exspected.
But on this way up several resistances are based: the pivot resistance levels 680$ and the former uptrendline wich now turned into a resistance level @700$ -
Trading above that zone would initiate the next explosion with TP 780$.
Above 780$ a strong buy setup appears .
The present counts are the green midterm - and the shortterm blue one.
Trading below 680 is still bearish .
Prices below 610$ are ugly.
Comment: still a similar view...
snapshot
kissed the 680...take attention of the RSI!!!
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