Long

BTC target hit. Next setup? Still bullish?

Updated

BTC recently was in a symmetrical triangle consolidation that we were looking for continuation to about 24k from. we had the breakout on a spike in buy volume and hit our target and now I am looking for the next setup. I'm starting to expect that we get continuation after a little sideways action. 30k-31k are what I'm starting to consider but I will wait for the next setup to confirm. This move just happened so it may take a little bit to form a new setup

Note

Interestingly enough, I am now using multiple exchange charts to identify setups. This last move confirms that using multiple charts can indicate setups not visible on other charts. With that being said, BItstamp chart for BTC looks like a falling wedge on declining volume and this initial move was just the beginning to 30k

Note

The volume profile is most clear on the monthly/weekly chart. This bullish perspective is starting to become my primarry view

BTC-HONDA

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