Technical crypto analysis based on breakout – wait for a potential buy.

BTC –

Technical Observation

BTC rallied higher and even went above the three Simple Moving Averages $6,590.82. This could be a sign that bulls could be encroaching this market, therefore, we should be prepared for a long term long position. But, rather than looking for a long position now, its better to wait for a confirmation that the price will indeed continue to the upper side. A clear breakout above $6,690.82 will be a confirmation that the price will pick a momentum to the upper side. Should the price again go below the three, than the price could be headed to the lower side.

Trade Signal

wait for a potential buy.

101% Double the volume

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