Bullishness is strong, but should meet resistance soon

BTCUSD smaller time-frames are in full uptrend, as can be clearly seen by the fan shape of 72 min averages. Still, medium (and larger) TF''s remain in a consolidation structure.

A relevant resistance (blue average on 305 mins) has been breached, making way to the next one, grey, at around 8.6k (Bistamp).

This suggest a correction is likely to happen from around that level, afterwards.

Potential attention areas are depicted in chart.
PLEASE NOTE: Make your own research and decisions before entering and exiting a trade. This material is educational only.

Attention to:

• Marked areas;
  
• Touch to averages and horizontal lines;
  
• Break of uptrend line (blue);
  
• Enhanced volume showing margin positions being closed on the way up, mostly longs.
  

Trade wisely. Stay in the game.

PhinkTrade