Technical patterns and Bittsbands of great help in trading recent rally of Bitcoin

Both technical patterns and our proprietary BittsBand indicated a resistance level at around 7700 USD and much clearer path above this price level. See our tweets:

As we said in the tweet there was a higher chance of seeing a rapid rise once the 7700 USD level is broken. The optimal way of trading this would be to set up e.g. limit buy orders at 7750 USD. And what we conjectured has today indeed happened. Once the 7750 USD was broken the price rapidly rose for a return of +7% in less than a day.

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