Bitcoin pushing back up through resistance 'band'

2021年4月5日

Bitcoin pushes up after a couple of positive reports. Microstrategy buy, Grayscale intention to ETF.

We obviously need to test and confirm as support before we celebrate the win however, this does look like a positive move.

Keep an eye on the charts. Trade safely!

2021年4月5日

註釋

Let's see if we can confirm this short upward trend line. No confirmations yet.

2021年4月6日

註釋

After a nice run up into resistance, Bitcoin rejected and falling to the bottom trend line in the wedge. So far the pattern is holding (but down 2+% at the time of this update).

2021年4月7日

註釋

Obviously Bitcoin did not hold the ascending triangle. The last time we saw this type of activity, we ultimately regained the triangle before moving down again.

2021年4月8日

註釋

Last update for this idea. We verify the resistance band now support, and touch a prior upward trend line. Will we complete the pattern and break out??