BITSTAMP:BTCUSD looks like it may be breaking out higher after forming an inverse H&S during consolidation from its recent move into the upper 900's. I continue to keep a close eye on Bitcoin as I believe it has the scope to move even higher. Target 1000 near term.
Applying a Gann Fan and Fib levels from the low point before the recent bullish uptrend to the high point of the uptrend reveals several support and resistance levels that have shown to be valid.
The yellow lines on this chart show the zones where price action has been directly influenced by these areas of support ...
Minor Wave 1 of Major Wave 3 looks to be complete. The market should experience some sideways consolidation for a little while before continuing on the uptrend. Go long in the range of $252 - $255 with a target of $300.