Did bitcoin just breakout?

This is not a trading signal. As we can see in the chart, bitcoin price just popped the upper trend line.
If we manage to close the day above it, it'll be a long signal. I'm keeping a close eye on the charts.

We'll take position based on how it close the day. Happy trading :)

Yorum:

We've got what looks like a gravestone doji on the hourly chart followed by a common one.

It implies bulls are tired, but we're in an uptrend so be careful with shorts :)

Yorum:

Based on above mentioned candlestick indicators, shorts are taking place.
Price fell down from 11,500 to 11,350 on Bitmex. We're still in uptrend, be cautious.

Yorum:

Bitcoin has managed to close the day above trend line. This is a bullish signal.
What all we need at this point is stability. Happy trading :)

Yorum:

There's USDT FUD going on in the market. Gdax is trading at 11,300 and Bitfinex at 11,700.

At one time, the difference between two exchanges was approximately 500 USD

Probably not a good idea to open long at this time.

Yorum:

Based on hourly MACD, RSI and bollinger bands it looks like bears are winning.

On 4 hours chart, MACD is about to cross and so far it looks bearish. same for RSI

I'll close this idea now and post a new long or short signal based on market mood.

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