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MrInvertigo

BTC testing upper resistance levels looking for a breakout

Long
Bitcoin (BITSTAMP:BTCUSD)  
MrInvertigo  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD XBTUSD
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trendanalysis chartpattern indicator btc btcusd xbtusd
Watch for a breakout candle to form above the top green line.

However, based on BTC's last fake out on the 4 hour charts (circled in yellow on the chart) it would be wiser to look at the 1 day chart for a confirmation candle to be printed above resistance before confirming a breakout.
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