zAngus

Bitcoin: Breaking out? Consolidating? About to Drop?

zAngus מעודכן   
BITSTAMP:BTCUSD   ביטקוין
We have been getting stuck in these sideways moves for a while now with Bitcoin, so what do you think?

1 = About to break out.

2 = Consolidating and will continue sideways for a while.

3 = This is the top and expect a drop back down the chart.

הערה:
Peaked through 31K again. Could be a good sign.

הערה:
Adding this image as the 1,2 and 3 positions don't display on all resolutions.

הערה:
So indecisive but a big daily range of 6% as bulls and bears battle for direction.

הערה:
Personally, I'm hoping it's 1.

Thinking its probably 2.

And in Denial for 3.
הערה:
Squeeze was on so breakout it is:

הערה:
........ and back to range trading. Boring :)

הערה:
Broke below support and more sideways action.

הערה:
Finally back up above the 20 and 50 day moving average that were providing resistance (if you believe in that sort of thing). MACD looking more interesting though. Back below the 0 line and crossing which often indicates a bullish value area.


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