Bitcoin BTC - Trading Update - Morning Analysis - 08/28/18 - Breakout - Bitcoin ABOVE $7000!

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This is the moment we have been waiting for.

One the four hour Bitcoin broke above the $6800 level and thus out of the Ascending Triangle on increasing volume. The RSI and MACD are in over bought territory though.

One the one day the $6800 level was the top of the left shoulder, of the Head and Shoulders pattern, thus the breakout over this level is key. The one day chart shows that the MACD and RSI have more room to run.

We continue to trade Bitcoin only and may dip back into the altcoins now.

4 Hour

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1 Day

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)

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