Bitcoin: BTCUST Massive Bull Breakout maintained - stay long Bitcoin Coinbase Chart Massive Bull Break Maintained Overnight. Stay long to 12090
The break stayed good overnight and the far East bought
into it too...not massively but still a good sign of returning
confidence world-wide as all the bad news begins to dry up.
This break out is so important and so far technically perfect
on Coinbase chart - and shows how, once price beat the last
dynamic above it Bitcoin surged upwards, shackles undone.
The next part of the Bitcoin puzzle is to look more closely at
the reverse head and shoulders to see how likely it is to be
trustworthy from here. First off the last one failed - and
actually went on to form the right hand shoulder of this larger
RHS - whilst Bitcoin was still in the middle of a downtrend,
which with today's price action is now effectively over - the
only disconcerting thing about this RHS is that it's a little too
prefect technically. Can it be too good to be true? Too
obvious? Why? On The Coinbase chart this reverse head and
shoulders has a minimum upside of 3216 points added to the
break out level/neck-line at 8874 - creating a minimum
upside target at 12090 on Coinbase. Stay with it
