vanbored

BTC 1D - BITCOIN HIT 10300, IN SOLID POSITION TO PUSH HIGHER

Long
BITSTAMP:BTCUSD   Bitcoin
# The red-dotted trend line mentioned in previous analysis again worked well in defining current bullish breakout.

# The price broke above the Ichimoku cloud and red-dotted trend line to confirm a reversal of trend. As this breakout happened during the weekend, It gave a fresh outlook as how price will move come end of the month.

# The current priority is bullish. Momentum is gathering during Asian market, and further volatility is expected during European market.

# The expectation is still for the price to at least complete previous predictions of reaching a 9.36% increase (9620-10520).

# Closing above yesterday's high of 10200 will make a third daily candle forming a Three White Soldiers pattern and engulfs a previous candle.

DYOR Always
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