Breakout + upward trend confirmation
BTC breakout finally occurred on the upside, buy signals activated, hence I'm now long.
The trend is confirmed on the upside and the path looks clear up until the upper downward channel around 11.5k.
Almost all indicators are green for the next 5 days, but volumes remain low, meaning the bulls are not all back in the game. This could be problematic in case of a reversal especially since we are still in a long term bear trend.
Hope you have luck with your trading, and wish you a happy Chinese New Year. Gong xi fa cai !
The trend is confirmed on the upside and the path looks clear up until the upper downward channel around 11.5k.
Almost all indicators are green for the next 5 days, but volumes remain low, meaning the bulls are not all back in the game. This could be problematic in case of a reversal especially since we are still in a long term bear trend.
Hope you have luck with your trading, and wish you a happy Chinese New Year. Gong xi fa cai !
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