Breakout or fakeout?
Actualizado
After consolidating for about a month and bouncing off the 20ma it looks as though BTC is about to breakout. This is a very good trade setup with clear support and resistance and a 2:1 risk/reward. On the down side, volume is still lacking.
Support : $3900
Resistance : $4600 (200ma)
Support : $3900
Resistance : $4600 (200ma)
Nota
volume here!Nota
When a target is quickly hit it is often best to just exit half a position and let the momentum to move it farther.Nota
Price easily broke the 200SMA on volume. Maybe can get healthy pullback to 200SMA and then resume higher.
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