BTC-Its Alive!
Fricking Winkles'
I guess the market realized this was not the droids they were looking for. Headline: "ETF Denied" SELL! 12 hours later, Oh it was just the Winkelvoss Brothers and CBOE is still on schedule. BUY! arg.
Potential for an Inverse H&S if BTC doesn't break through 8290 with high buying volume that would allow us to drift down to this trendline that we are currently at.
If we break through then there is also a breakout buy opportunity for further upside movement.
Happy to see that we got green volume that is nearly as strong as the red volume sell off signaling nothing has really changed in this bull run. I had worried that more and more red volume might come in and mess things up, but it looks like everyone reallized they overacted to the news and things are remaing as normal and also that we did get the pullback correction that we needed for sustained further upside movement.
8470 consolidation high, and then 8600 (5/20 peak) and converging 200 MA (will be variable in price but it is basically between the 8500-8600 level and dropping)
Okay, looks like this si breaking up through so watch for my circle points
I guess the market realized this was not the droids they were looking for. Headline: "ETF Denied" SELL! 12 hours later, Oh it was just the Winkelvoss Brothers and CBOE is still on schedule. BUY! arg.
Potential for an Inverse H&S if BTC doesn't break through 8290 with high buying volume that would allow us to drift down to this trendline that we are currently at.
If we break through then there is also a breakout buy opportunity for further upside movement.
Happy to see that we got green volume that is nearly as strong as the red volume sell off signaling nothing has really changed in this bull run. I had worried that more and more red volume might come in and mess things up, but it looks like everyone reallized they overacted to the news and things are remaing as normal and also that we did get the pullback correction that we needed for sustained further upside movement.
8470 consolidation high, and then 8600 (5/20 peak) and converging 200 MA (will be variable in price but it is basically between the 8500-8600 level and dropping)
Okay, looks like this si breaking up through so watch for my circle points
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