FrankieArnell

Breakout or breakdown?, My opinion is we're breaking out

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello, I hope you're all well.

I personally believe we are about to break out of the current pattern we are in and head up to test the 11700 resistance, By the 28th we should start to have an indicator of what direction we are going in but bear in mind if we break the 7400 level we may be heading down to test 5900/6000, however I don't personally believe we will break this level due to current fundamentals in the market seeming overall positive (apart from Facebook , Google , Twitter banning ADS, which I don't personally see as a major issue as the majority of ads tend to be scams/phishing attempt with the few exceptions).

Keeping it short and sweet, remember this is my personal opinion and the numbers I have mentioned are rough marks they're not exact figures, as always take it as a pinch of salt and come to your own opinion.

Now we wait, I shall post an update on the chart, on the 29th so keep posted :).
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