Hey folks, it's the gift that just keeps on giving - BTCUSD just set a new new record high at 4727 and the fun's not over yet. Not quite 5K yet, but nearly there. I was already long, but this was a text-book breakout trade:
Note pair put in a solid close above 4500, took a breather, then came down and retested the level before continuing higher. I really should have added at this point, but was already over leveraged and didn't have the balls. Oh well, can't complain XD
We have clear support at 4500 now and short term remains bullish above there. No significant resistance until 4900 and looks like today's rally still has a bit more in it. If current trajectory holds, we're looking at 5000 on or before September 5 (red circle).
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