Bitcoin Update
If you've managed to stay with this overnight from the entry point at 13418 just 10 hours ago now you've done well. We
bought again on the retest from above of the neck-line of the smaller reverse head and shoulders, now obscured on the
chart by a larger one in formation, but shown at the green arrow point of entry. The minimum upside target created by
the RHS was 14234. The high reached so far is 14270, so 800 or so points in 10 hours of sleep/or frantic thumb twiddling
depending on which side of the globe you happen to live.
Interestingly, there is another much larger reverse head and shoulders in formation now....And a break above 14300 will
trigger it, creating a new upside target 2012 points higher still, at 16,312. Look to buy the break or can wait for a retest
of the neck-line from above with stops 200 or so below the neckine which is now being tested as this goes to press. Do
not be scared by any retest we get later on today from above...it's a buying opportunity.