Bitcoin has been trading sideways for the last three days. In the previous update we were anticipating a move to 9600. The price may still be on its way there, but we need a confirmation to be on the safe side. The confirmation criteria to go long now is the break of 9365 level. Meanwhile, volatility has droped to the lowest level since May 3 - the day when the price broke out from the Triangle. Such low volatility makes me expect a sharp move from here. There are a couple of bullish setups in altcoins, so the confirmation on this chart will trigger them too.
Commento:
Bullish Flag in Dash targets 468:
Commento:
BTC: We need an hourly candle close above 9365/75. The previous hour closed below the signal line. No breakout yet.
Commento:
BTC: The market is dead in terms of volume. Consider taking a break if you are looking for high probability setups.
Commento:
Pay attention to this possible Ending Diagonal formation. Out of market for now, optimal Buy Zone specified:
Commento:
BTC: Great Ending diagonal thrust. We have entered the buy zone. Want to see a confirmation of bullish interest before jumping in.
Commento:
No safe buy signal. Better stay away for a while.
