on the chart we can see the breakthrough of the flag
in case of this is not a false breakthrough , i'm expecting the possible target level of 5260
also , we can see the large volume during the breakthrough ( what the f*ck is with the volume indicator ? the stupid upgrade )
CBOE FUTURES EXCHANGE cftc.gov
CHICAGO MERCANTILE EXCHANGE cftc.gov
as a whole , we can see an increase in the number of contracts , but the number of short contracts is still more.
the key levels:
8000 the breakthrough of this level will means a possible growth.
this looks like a flag on this picture
on the chart we can see the largest volume in the last 38 days , the volume is really huge , this is a reliable sign for a true breakthrough.
ENTRY the closure of the four hour candle above the level of 0.0005073
RISK another bart simpson pattern on the btc chart :D
on the chart we can see the rebound from the trend line.
in case of the breakthrough of the trading range , i expect a possible rally , be focused
but in my opinion it's too risky , trade at your discretion.
on the chart we can see the clear bullish trend and the possible cup and handle pattern.
ENTRY the closure of the four hour candle above the level of 0.0011138
Some Fundamental Analysis
on the chart we can see the large bullish trend and the correction.
the price rebounded from the 0.5 Fibonacci level , this is a good sign for the continuation of the movement
this is looks like a acceleration , the...
on the chart we can see the confirmed support level (0.000000752) , looks like a double bottom pattern.
also , there is a bullish divergence
ENTRY the closure of the four hour candle above the trend line
we can see the largest volume in the last 18 days , this is a good sign for the reversal movement
ENTRY the closure of the four hour candle above the level of 0.0003732
on the day chart we can see the bullish absorption
in my opinion , on the hour chart we can see the falling wedge , this is a bullish reversal pattern.
also , on the four hour chart we can see the bullish divergence.
and finally , there are several attempts to break the trendline , this means that the bulls are trying to take control.