Bitcoin : Channel breakout (log scale)

May 8, 2019

We do no track and suggest Bitcoin to our clients. However, those who have already invested at higher levels and still holding position can continue to hold. 10 WEMA has crossed 20 WEMA on upper side which signals bullish trend in medium term. It has come out out of channel pattern on log scale with huge volume. As long as 4400 is protected on closing basis, trend is still up for 9500. 5200-5300 should provide support for consolidation and then rally for the next lag.

May 14, 2019

Trade active

But coin reached $8208. May correct little bit from $8400-8500 for 600-800 points and then resume uptrend for final target as mentioned in 1st post.

May 20, 2019

Trade active

Market corrected from high of 8390 to 7300. It should again start rising from here for 9500 and 9900 level. cmp 7999

Jun 18, 2019

Trade closed: target reached

Target reached. Made high of 9477.