RealMcafee

BTCUSD: breakout of linear wedge initiates long

Long
RealMcafee Updated   
KRAKEN:BTCUSD   Bitcoin
Breakout of linear downtrend connecting Dec 2017 high with May 2018 high. Successful close above this resistance is buy signal for me and should lead to retest of 9k levels.

Situation: 20 MA giving support. First resistance will be weak 100 and 50 MA.
Main target is the 200 daily MA and beyond.

Comment:
Interesting bars patten overlay  
Comment:
We have dipped below the trendline, waiting to see what happens now.
Comment:
It's looking like a rejection sadly, but I'll wait and see. If BTC stays above the trendline we can go up.


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