Breakout to the upside

BITMEX:XBT   Bitcoin / US Dollar Index
We are now testing the 50 fib retracment for second time and are also in a wedge that is getting tighter and price has been respecting the lower trend line
we are also in oversold territory on the day chart and are below the 20ma on bollinger band
if we bounce off this level and stay above 9500 we can expect the next bull move up to 16k

Dont forget that we are in uptrend and were waiting for this consolidation that everyone is mistaking for a bear market


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