Bitcoin BREAKING 4500.

Great day today! Bitcoin has broken 4500 with good volume, which means it is a strong move.

We are breaking out of this consolidation pattern that we've been in since August 14.

Entry: Above 4500
Target: 5000 *very nice target, it is a round number that people will pay attention to, AND it is both the 261.8 retracement of June/July AND August consolidation levels. When levels line up like that, it's a big deal
Stop: below 4500

So keep to your stop and if it breaks below 4500, we'll probably see lower prices, but right now the move looks powerful.

I think we are going to head quickly to 5000, where we will probably see some profit taking and maybe another consolidation.

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!! PM me with any questions about my analysis !!

MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.