BITCOIN – 19 May

And we have the mini ascending triangle breakout with a big bounce candle on 4hr chart. Almost hitting the possible HS right shoulder target too. Will it start to head down and test the HS neckline around 7200 zone again? or will it continue the rally to test the next major resistance levels around 9600 zone? Possible big up channel, like the one we had from 4800 to 5800, despite the multiple times of overextended it just kept pushing higher. Also possible bull flag.

News: (Current) | (Upcoming)

Short term moving average (day candle) :
Network Value to Transactions Ratio :101
Total marketcap :249
Dominance :56.7
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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