Just after I posted my previous trading notes BTC threw us all a curve ball. I personally sold a position I was holding that suddenly became a profit taking target as it pushed towards $8000.
Reviewing the chart now I can see that we are now pushed higher into the trend that will resolve in approximately 8 days downward towards the $6800 price point. If we see more sideways trading we are officially in confirmed breakout and if we see continued increase in volume we should see upwards momentum like we saw a few weeks ago.