Looks like breakout is confirmed. We have all major indicators pointing up and 50 day MA also shows primary trend is up.
The S.A.R. Parabolic, which are the dots above and below the candlesticks have adjusted to below which means higher prices, especially when comfirmed by stochastic and MACD.
At this rate, I can see a steady rise to $20,000 by January 1....not to mention that the Bollinger Bands have adjusted for this as well for a price target.
I had hoped for $8000-$10000 by year end. I have to admit this is amazing. Will be adjusting next years prediction higher which was originally $45,000, but I want to see where December 31st takes us.
I’m sure part of this rise is because T.D. Ameritrade announced futures trading to start Monday the same day as C.M.E.