BTCUSD - Nice bullish move but still bearish
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We´ve seen a nice bullish move on the weekend. Over 300$ upward and everybody is looking to the moon. Breaking the little ascending triangle ist definitely a small bullish signal. The upper line of the triangle is the new little resistance which was tested today and i expect an additional move to the area of 4.260/4.330$.
I have to review my bearish attitude when we break the level of 4.400$ for a higher high. After a break of that level we have to wait out if this level will be a new resistance. If we don´t break the neckline and create a higher high there is no reason be bullish on bitcoin.
Don´t get me wrong, i am a supporter of bitcoin but there is no reason to buy at the moment, it is just speculation.
I have to review my bearish attitude when we break the level of 4.400$ for a higher high. After a break of that level we have to wait out if this level will be a new resistance. If we don´t break the neckline and create a higher high there is no reason be bullish on bitcoin.
Don´t get me wrong, i am a supporter of bitcoin but there is no reason to buy at the moment, it is just speculation.
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Sorry i did a mistake in the second paragraph. "...will be a new resistance." has to be replaced by "...will be a new support."
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