Today BTC/USD is making the move we’ve been waiting for in order to call it a bullish situation. It is taking out lateral resistance and the optimal buy situation would be for it to do what AMD promptly did last week after we did an NFTRH+ update on it. AMD burst above the breakout point, slammed back down to it the next day to provide the desired buy opportunity, and then tore upwards again the day after that.
Will Bitcoin work out that way? Ya never know. But I wanted to put it up here in real time just so anyone interested can keep an eye on it.
The weekly chart advises the target of 17000, pending a successful breakout above resistance.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
