First, we bounced off of the bottom line around the 6800 USD Mark. This was very important as a fall through this trend would 100% mean the bottom of the Parabolic trend of 2017. Next stage was to told a 6 hour open and close above $8000. This was touch and go for a few days but BTC respected the $8000 nicely finally.
We finally closed and opened a new candle on the daily above the yellow . This is the first time we have broken the down trend since 6th of Jan so this is obviously very important.
The 6th of Feb saw the largest input of on the daily enter BTC SINCE 2014!!.. Even at a price way higher than 2014, this is very .
All Time frames from 1 hour to daily are now strong and gaining momentum. I pointed this out a few days ago that the momentum seemed to be building and it had carried.
We now have the 3 daily on the bottom and turning.
We are still not clear yet but clearing the stages nicely. Bitcoin transfer fees have also come right down and times are faster again so BTC looks to be getting its act together.
For now i remain long on BTC from my $6800 Buys, if we break back through the downtrend and fail to open close the 8000 mark on the daily ill be looking to exit again, please do be careful and watch your investments.
TARGET 1 $ 9620 - tO OPEN AND CLOSE ON A DAILY HERE
TARGET 2 $14500 - This target will confirm a continuation of the parabolic trend as it will clear the green cloud on the daily and rise above the parabolic trend. I feel we will find resistance here. If we fail to break here i will look to take profit around the $14000 Mark.
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