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MoonTrader
Apr 19, 2015 2:03 AM

Bitcoin breakout - Take 2 

Bitcoin / DollarBitfinex

Description

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.
Comments
ChartArt
I also noticed there is a strong squeeze growing on Bollinger Band. So the breakout in any direction will be strong.
ChartArt
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.
MoonTrader
Yeah, all trendlines are tentative, especially the small time frame ones.
ChartArt
Now we have the new local low.
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