bitpay

Breakout from the consolidation channel

Bitcoin has had quite a run from the 200s to 1200s. It's time for some consolidation.

with some supply chop in the $800s

the tight consolidation range 600-610 will break - add to long entry above 610.

upside targets $500 and $612. could see NEW ALL TIME HIGHS by year end.

we will likely retest the last high at 320, then see what happens.

A perfect breakout of the downtrend, then backtest to support, then a weekly reversal to the upside on high volume. THIS is the ingredient for retesting the all-time highs in Bitcoin. 240 -> 1100 here we go. If you doubt me, look at my call in late 2013 here: https://www.tradingview.com/chart/BTCUSD/aOSbtfrL-Bullish-Bitcoin-Setup/

On a breakout above 243 look for a run to 252, 263

with the Dow and commodities leading the downward move, the S&P is likely to follow.

upslde is limited here. take profits and sell upside vol

long $255 stop $220 target $600

220 area has been repeated support.

Target $300 (50 day MA) - short squeeze could take it higher.

bullish engulfing reversal at the 50-day SMA. look for a strong upside move.

breakout from a descending wedge pattern that has lasted almost 1 year. looks very bullish.

Bitcoin bounces off the 200-day MA, upside target 630

break above 600 could move to retest upside resistance at 660 then 720.

sell at 800