Bitcoin consolidating after last week's surge higher

24 de jul. de 2017

BTCUSD continues to consolidate after last week's surge higher and is currently capped under 2920. Pair is once again trading inside a wedge pattern and we need a break above the falling top at 2915 to open up 3000. If we can get to 3K, the wedge becomes an ascending triangle, which is one of my favourite bullish continuation patterns. Having said that, pair may just surge right through 3000 and be done with it. Longer term I am bullish above the lows around 1800, but as far as this week goes, I'd like to see pair hold above the broken (dashed) trend-line, currently 2581 and counting.

I know it really looks like I posted something on increasing momentum on ETH right at the top and then ran away, but I've been charting constantly on steemit.com/bulleth the whole time. Apologies to my Tradingview followers - though if you're not on Steemit yet - come check it out!