$BTC.X $BTC Breakthrough in March
BTC downtrend breakthrough still in the cards... We are now into a new month and the March PP is established at 9315 which happens to be almost exactly the low of this recent pullback that began on Feb 20. On a positive note this is the first time since Jan 11 that BTC has been trading above the monthly PP. The stochastics are turning back up so the question now is will volume come in to push BTC out of this downtrend channel. If it does I would wait for confirmation before going long. Confirmation would be to wait for a pullback retest of the downtrend line after the high of 1st move up. After a retest, the confirmation would be a new high exceeding the 1st move's high. A close above 11,044 would really help...
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