Where Do We Go From Here - Technical Thoughts on BTC Price

[Bit_Happy]

UP we go

The Bitcoin fundamentals are so strong, this is not the best time to care "too much" about technical indicators, imo.
Technical indicators are an important tool, but how many tools do you need to use when your car is running perfectly? 

[Trade-Winds]

UP we go

The Bitcoin fundamentals are so strong, this is not the best time to care "too much" about technical indicators, imo.
Technical indicators are an important tool, but how many tools do you need to use when your car is running perfectly? 

Ha ha probably right, but perfectly working car still needs fuel (tool) oil (tool) air in tyres (tool) etc. I am just looking at charts as I enjoy it, but yes fundamentals are fantastically strong and the market is still very small relative to opportunity.

[Bit_Happy]

UP we go

The Bitcoin fundamentals are so strong, this is not the best time to care "too much" about technical indicators, imo.
Technical indicators are an important tool, but how many tools do you need to use when your car is running perfectly? 

Ha ha probably right, but perfectly working car still needs fuel (tool) oil (tool) air in tyres (tool) etc. I am just looking at charts as I enjoy it, but yes fundamentals are fantastically strong and the market is still very small relative to opportunity.

Fair enough, I also enjoy charts and TA has real value (some of the time)
My favorite technical "indicator" is when there is a strong, "obvious" signal that turns out to be false...Catching good traders by surprise, and everyone goes nuts causing a big, fast, unbalanced market.....Those are great.

[Trade-Winds]

The current price action is causing a bit of a messy top to become evident (2 on chart) with the $680 zone a bridge too far at the moment. However upward momentum from the last couple weeks remains nice and strong. So a bull/bear battle now at the higher end of the $600s. As long as it stays above the flag breakout ($600 zone) then bulls keep the upper hand, for the moment though i am leaning towards more sideways action keeping below the $680 or so top.

If and when it does break this current top I'd expect a quick $100 or so run to the high $700s in a matter of days. I would be buying the breakout for sure.

Messy top on the daily chart is cleaning itself up quite nicely into a continuation triangle (2) which could predict breakout anytime now through $700. Volume is down whilst price consolidates in a narrow range (3) which is a good confirmatory signal as sellers are not active. Lets see....