MoonTrader

Bitcoin breakout - Take 2

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Just noticed this interesting pattern. Price is pressing up against $224, but if it doesn't break out soon, then it's not going to.
I also noticed there is a strong squeeze growing on Bollinger Band. So the breakout in any direction will be strong.
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I see the same. But price could also make a small pullback and then finally breakout starting from a new local low, which is higher than all previous lows.
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MoonTrader ChartArt
Yeah, all trendlines are tentative, especially the small time frame ones.
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ChartArt MoonTrader
Now we have the new local low.
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