Bitcoin has broken higher in early US trade and is looking mighty fine indeed. In fact, I may need to change my underwear ... Why has Bitcoin been getting me so moist lately you ask? Well duh, it determines the fate of the entire space in case you hadn't noticed. Higher Bitcoin means higher STEEM, higher LTC, higher EOS and higher everything else good you're holding. In fact, If you're holding something right now that isn't up against the US Dollar, dump that shit right now - it is shit, plain and simple. Demz isn't investment advice, demz is facts. Straight up.
Anyway, enough exuberant drunken dribblings ... let's take a look at some chart art babeh!
As per this morning's tech and last week's rare butt-call, the bottom is fucking in on BTCUSD. Pair has just broken above the Inverse H&S neckline, confirming the reversal pattern and bulls will now be looking to take us back to 9950/10000:
A break above the 50% Fib at 9950/Psch 10000 would target major resistance in the 11500-12200 zone:
Short-term, pair remains bullish above 8700 and bigger picture above 7600.
Hellz yeah.
Note: though I have written this piece like a complete arse-twat, I do actually know what I'm talking about and have more than a few years under my belt. If you say some dumb shit in the comments I will probably say things to you and may flag you for being an idiot.
Examples of dumb shit:
"TA doesn't work in crypto because [insert dumb shit here]"
"Bitcoin won't rally until after Chinese New Year because [insert dumb shit here]"
On the other hand, I may not respond to all my comments, but I do at least try to upvote the good ones. So if you have some shit to say that isn't dumb, please leave your comment below and you may get a life-changing fifteen "cent" upgoat. Happy days.
Disclaimer: Yes I have been drinking. No, that doesn't affect my ability to chart, trade or blog. In fact, it may even make be a better person.