After a few days without any exceptional trading, at least by my side, we can see very good moves from BITCOIN now.
I am playing the strategy of Scalping which is the best option these days till we see a consistent breakage of the upper resistance line, which in my opinion must be around 7800 USD.
I have 4 positions set, distributed in different price levels between 6800 and 7600 USD. With them I am playing in price frames of 200 USD, setting buy or sell orders and watching carefully the 15m Timechart.
In the meantime, I am keeping observing an interesting formation of inverted Head and Shoulders pattern...
The neckline is placed on an inclined way... The breakage of this line may trigger the price higher in a explosive manner...
This pattern is projecting a target price around 8800 USD, not a bad start for a reversal move...if it happens.
Additionally, today the 24h trading volume has increased in 5 billions , from 21 to 27 b.
Let's cross fingers.
Enjoy!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
@toofasteddie