Still waiting for BITCOIN's breakout!
Short analysis, continuing the previous one (go check it! :) )
We successfully broke the 5100$ resistance and then strongly retraced, but the support holded good.
By the way, another pattern is in play now, and we have two days before a big move.
We don't think this big move will occurr on sunday, even if we are constantly approaching the resistance.
If it happens on Sunday, probably there will be a continuation on Monday.. If this happens on Monday/Tuesday, the result willl be bigger.
In case we break downwards, we can dump till 4800$/4700 before finding good support.
Trade safely, and drop a comment! :)
We successfully broke the 5100$ resistance and then strongly retraced, but the support holded good.
By the way, another pattern is in play now, and we have two days before a big move.
We don't think this big move will occurr on sunday, even if we are constantly approaching the resistance.
If it happens on Sunday, probably there will be a continuation on Monday.. If this happens on Monday/Tuesday, the result willl be bigger.
In case we break downwards, we can dump till 4800$/4700 before finding good support.
Trade safely, and drop a comment! :)
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