BTCUSD finished the day higher again yesterday and is currently sitting just shy of the all time highs at 5920. The reaction at that level on Friday was just plain nasty, so be careful folks. Warnings aside, chart is looking very bullish and would not be at all surprised if we hit new record highs in the next couple of hours:
On a break above 5920, we'd have significant psychological resistance at 6000, followed by measured targets at 6124 (equal legs) and 6200 (161.8 extension). Pair remains bullish above yesterday's low of 5600, with a break below there signalling further consolidation.
If we manage to break 6124 to the next measured target I had was just shy of 7000. See what happens.
Congrats to everyone who kept a cool head on Friday, was one of the craziest days I've ever traded ... I tried to scalp it and got fucked for 100 points on 2 coins, up about 700 points on 1.5 now so no biggie XD
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