So Looks like just bounced off the top of the channel or possibly a bull flag. Its looking more like a channel the longer it goes on. But I dont do absolutes with btc i give it a little more room. I have been expecting it to break up and now that its higher in the channel/flag the odds of a break up are increasing.
So now we don't have the head and shoulders to worry about the next major resistance point will be at $ 9999 for obvious reasons... also note the cup and handle! I don't expect we will go straight up but we do see a up trend. with another major resistance point around $11700.
As i was saying last year that i was expecting a BTC bull market around August of this year. It looks as if we cleared heavy resistance and taking off. BTC does have a history of fake outs so . As of now I am buying dips and holding.
yeah been waiting for this thing to hit bottom. My guess is $4800. i don't think it will shoot up from there it will likely test it again and bob around another year before it takes off again. I base this on what BTC has done in the past that it is volatile but still a algorithm. I will lode up in the $4800 $5400 area.