Further to my previous Daily chart, here is my projection for the breakout. The ABCD would put our top at around $576 which fits nicely with the next resistance level. From there we would either retest $464 or, if the market is steamrolling, it may only retrace to another level within this breakout before moving north through the resistance as shown in my daily chart.
This could coincide nicely with the Block Reward halving on 10 July. 'Buy the rumour, sell the news' anyone?
This could coincide nicely with the Block Reward halving on 10 July. 'Buy the rumour, sell the news' anyone?
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Looks like we are well on the way to target one.
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First target hit. Let's see if it retraces before moving further
