No Break-Out Yet, retrace likely

Lol u got rekt

@iamiota, all these guys get rekt. Your not gonna beat the house. using leverage with bitcoin that moves 10% in its sleep is retarded . People who manage money hope for a 10% return in a YEAR. Your all a bunch of know nothing degenerate gamblers.

what a scrub. you took a short thinking there was no breakout then drew a line using candlestick wick and body . clearly there was a breakout.

this is log. candles and daily close. :-) i would go with that.

@btcinvests,

On the lower time frames there has been a break-out yes, but not on the bigger (and hence more important) time frames; i.e. weekly and monthly.

We're at the end of the month so the current situation gives the bigger players a perfect chance to keep the bear market narrative alive whilst loading up on retail buy orders. As long as we don't close the month (July or August) above the 11400ish level the bear story can still be validly pulled out of the closet later..

@micmuc, for me is daily close the most important view at btc for longterm trend. :-)

@btcinvests,

Just compare to some other past tops, often they were breaks on the daily but not on the weekly/monthly ;-)