cerealpatterns

bitcoin daily consolidation extended

Long
cerealpatterns Updated   
BITSTAMP:BTCUSD   Bitcoin
parabolic sar strat long entry over weekly poc beat vwap. over under to breakeven level or lowest sar dot plot if we stay consolidative, and up two clicks sar if we stay over mid level and poc upper area or .382 fib rtrc. long term buy, but need trend confirmation weekly follow through for bullish swing bias.
Comment:
if we drill down to hourly we find to reach escape velocity price needs to exceed $21k psychological level
as long as were below im looking at swing low, and while above im looking at week high
Comment:
replace sar with vwap and regression and we see were on verge of beating trend to upside
still weekly rangebound

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