isnarain

Bull's in charge - Breakout happening - more gains to come

Long
BITFINEX:BTCUSD   Bitcoin
Definitely going long, trendline supports bullish momentum up to 9600. At this point we will test major resistance, subsequently if successful, 11,000 will be in its cross-hairs. If Bears decide to attack, the downward trend doesn't look that fierce, considering we "wedged" out a break from the major downtrend. Its fair to say 6500 ish was the bottom, unless some major event changes the trend. The path noted, is the most logical at this time. Short term bullish momentum looks strong,. Currently, I'm successful (23 out of 28) in my short term analysis and i'm confident with the most certainty to date this leg up is definitely going to happen.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.