BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I bought the breakout of the 6630-6500 range yesterday. Since then we've seen a few up moves. Right now we are seeing inside hourly bars, they have all closed above the 20 and 200 moving averages.

You could buy a breakout above these inside bars, or take profit/short below it. I wouldn't open a long term short here. Short to intermediate trend may stay up. My stop is below 6700, a little bit above breakeven.

Comments

Another look with some boundaries drawn.
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