Bullish breakout of BTC. But why?
What a nice breakout on BTC following some altcoin breakouts (especially LTC was leading the field).
Signals that lead to this breakout:
* BTC left the downtrending channel
* An ascending triangle pattern formed
* RSI bullish divergence
* Volume getting lower and lower. Low volume is often an indicator for a breakout (either down or up)
Next things to look for:
* Wait for a pullback/flag for buying in.
* Another +5% are possible
*This is no investment advice. It is for educational purpose only!*
Signals that lead to this breakout:
* BTC left the downtrending channel
* An ascending triangle pattern formed
* RSI bullish divergence
* Volume getting lower and lower. Low volume is often an indicator for a breakout (either down or up)
Next things to look for:
* Wait for a pullback/flag for buying in.
* Another +5% are possible
*This is no investment advice. It is for educational purpose only!*
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