$BTCUSD finally on the move?

$BTCUSD finally on the move?


January 2023


Alex Cole

A look at the world's largest crypto currency shows $BTCUSD is in a "Go" trend.

There has been nothing to get excited about for a couple of months but we can see that the last few trading sessions have changed that. GoNoGo Trend is painting strong blue "Go" bars after breaking above the prior intermediate high.  We can see that this serves as a breakout of an ascending triangle base.  Now, the concept of polarity suggests there is some resistance from prior support earlier in the chart. Continues price gains would allow the digital asset to move higher setting a new high and perhaps challenge the highs from November around $21500.