Bitcoin price breakout of triangle/flag formation

1 thg 4, 2015

The charts doesn't look good for bears, market just recently broke out of the triangle on the 4 hour bar. More confirmation is needed, a higher high or a daily close is bullish. While I am long, I keep my technical analysis objective. We broke out of a downward trendline, while it is not bullish yet, short term downtrend in price is likely to be over. We may chop some more here before grinding higher.

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