Tadej

BTC EQUILIBRIUM - Which way are we headed now?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've noticed an interesting fact on 4h chart: all trend indicators on chart are squeezed to a small box and they all seem to be in equilibrium and offer strong support to the price that is above and resistance formed with a flat bearish cloud, which is forming an ascending triangle pattern and is keeping BTC             under 15300$ (next resistance at 16500$ - local high). Support levels are at 13500$ (cloud) and 12600$ (fib).

We already had TK             cross, still waiting for EMAs to cross. Looks like to me that it should slowly decide to head one way, so looking for a break out of these levels to determine the trend.

Volume is still kind of descending and we are bellow local high so HS pattern hasn't been completely invalidated yet I think (if we break down it may still play out):
Comment: Breaking up, let's see if it holds.
Comment: Testing 16,5k$ resistance. If we break up that may confirm that the correction is over.
Comment: Breaking above resistance. Waiting for retest or more volume.
Trade active: We got a bounce on 0.618 fib support (previous resistance).

Adding a small amount to my existing position.
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