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Bitcoin — Breakout Early Signal
Ignoring the noise and looking at Bitcoin weekly line chart, we can see that the current consolidation fits nicely into a parallel channel with 5 touch points and we have a strong breakout.
Last week close is also the highest since early June and we have a higher high relative to the July high.
This is another bullish sign and similarly to my monthly idea that I shared earlier can be seen as an early breakout signal.
Last week close is also the highest since early June and we have a higher high relative to the July high.
This is another bullish sign and similarly to my monthly idea that I shared earlier can be seen as an early breakout signal.
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