jayso043
Long

Breakout from BTC Head and Shoulders Pattern

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Lets see if we have a breakout from this Head and Shoulders Pattern, if so look for a 16500 initial target.
Trade active: Breakout in progress - watching volume
Comment: Good buying volume, already heading towards the 14800 - 14900 area of resistance of the upper channel.
Comment: high sell volume at recent highs as BTC hits 14800 area of resistance. If move is done expect pull back to 14150 area of support (great long position), for continuation of move to 16500.
Breakout in progress..
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Broke above yesterdays high, now pulling back. Starting to look oversold on the 15 mins chart. Need to see more buying at this level of support.
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