Never ceasing to amaze, bitcoin smashed though the $4,375 resistance just a little bit ago.
This is a huge level to break, and topping it (despite faily minimal volume) is a big task that shows the strength of BTC right now and how it's momentum is looking.
If the trend continues, BTC should keep along the support line and not be into overbought levels until October 7th. At this point, BTC would be at $4,750, within a reach of a new ATH.
Daily MACD is on the up as well and heading higher.
The bear bars on the daily have all been inside with small magnitude showing the pullbacks aren't that strong.
The next resistance level is at $4,450 and $4,470 followed by $4,500 psychological. After that we're basically resistance free until $4,675.
Nothing is indicating that BTC momentum is slowing down and indicators favor upward movement.
Happy trading!!
To 5000 Dollars soon.
I've been upset at myself for not buying in the last dip.
Not to worry. There will be plenty more dips. I still think the market is way too over-hyped and we'll come down a lot more.....