Bitcoin's about to break out? up or down? 1hr chart [BTFD]

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 23, 2017 8:18 AM

Bitcoin formed a Golden cross on the MA

looking bullish but could be a trap

needs to break and close the red line to be sure, first it needs to start moving out of the green area of the gann fan

also possible we can goto support zones again if it dumps once more for a double bottom, then we can expect a reversal after a few days

Comment

⋅ Dec 23, 2017 2:12 PM

2hr chart Golden bullish cross

Comment

⋅ Dec 23, 2017 2:12 PM

Trade active

⋅ Dec 23, 2017 2:13 PM

still not broken the down trend resistance line, waiting on a close after this for bull confirmation

Comment

⋅ Dec 23, 2017 3:14 PM

candle has crossed first trend resistance waiting for it to close above now

Comment

⋅ Dec 23, 2017 3:14 PM

1hr chart -

Comments

DVemer

⋅ Dec 23, 2017 2:49 PM

Looking good. Let's just watch that this isn't forming a head & shoulders for a better consolidation.

majorlee

⋅ Dec 23, 2017 3:15 PM

@DVemer, yes very good for bitcoin! and alts doing great too, make Hay while the sun shines

Box1515

⋅ Dec 23, 2017 8:38 AM

It's currently stuck at the $14,800 point on GDAX, which is precisely where it got stuck before. If it breaks through, I think we'll keep sailing upwards. If not, I think we'll head back down at least to the 13K support.

majorlee

⋅ Dec 23, 2017 9:05 AM

@Box1515, ty for the comment

yes it sems next few hours are quite important