BitcoinLong
BTC Fast Trading Bounce 30 min. Chart -- 12,600 Support
Updated
Fast trading in BTC on the 30 min. chart has led to a bounce near 11,400, which is also at the rising 200 MA.
A "W" bottom on the 15 min. chart has created a strong rally, which has a good chance of reaching the recent high. Looking for hesitation there or another blast higher if it's able to break out again. Will have to see how it acts near 12,600 if it decides to pull back first.
A "W" bottom on the 15 min. chart has created a strong rally, which has a good chance of reaching the recent high. Looking for hesitation there or another blast higher if it's able to break out again. Will have to see how it acts near 12,600 if it decides to pull back first.
Note
BTC is holding a 12,600 area on a 15 min. chart. Notice the bottoming tails. It won't surprise me if this is the end of the volatility for a while. It needs to consolidate. We'll see.
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