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jayso043

Breakout from BTC Head and Shoulders Pattern

Long
Bitcoin (BITSTAMP:BTCUSD)  
jayso043 Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Multiple Time Frame Analysis Trend Lines
8
2
supportandresistance mtfa trendline
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.
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